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Human Capital, Technology Diffusion and Interdependencies Daron Acemoglu 经济增长导论课件.pdf

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Human Capital, Technology Diffusion and Interdependencies Daron Acemoglu 经济增长导论课件

14.452 Economic Growth: Lecture 11, Human Capital, Technology Di§usion and Interdependencies Daron Acemoglu MIT December 1, 2009. Daron Acemoglu (MIT) Economic Growth Lecture 11 December 1, 2009. 1 / 52 Human Capital and Technology The Role of Human Capital The Role of Human Capital We have already seen the importance of human capital in the context of the regression analyses and calibration exercises of the Solow growth model. Key questions: incentives to accumulate and invest in human capital. See labor economics. Here: how does human capital a§ect growth? 1 Increasing e¢ ciency units of labor. 2 Improving technology. Daron Acemoglu (MIT) Economic Growth Lecture 11 December 1, 2009. 2 / 52 Human Capital and Technology The Role of Human Capital Human Capital and Technology Perhaps major role of human capital is in improving technology. Why? Two possibilities 1 Skilled workers are the ìinnovatorsîó -we can model this once we understand endogenous technological progress. 2 Skilled workers are better at adopting technologies or adapting to change, in particular, technological change. Ted Schultz in the context on agricultural innovations. Nelson and Phelps: a simple model. Our Örst model of ìendogenous technologyî. Daron Acemoglu (MIT) Economic Growth Lecture 11 December 1, 2009. 3 / 52 Human Capital and Technology The Role of Human Capital Nelson-Phelps Model of Human Capital I Major role of human capital is not to increase productivity in existing tasks, but to enable workers to cope with chang