Kiel Working Papers, Kiel Institute for World Economics
No 1467:
Determinants of growth and convergence in a growing economy with heterogeneous entrepreneurs
Dirk Dohse and Ingrid Ott
Abstract: We develop an endogenous growth model which is focussed on
entrepreneurial skills and their impact on growth and convergence. Our work
is closely related to the model by Acemoglu et al. (2006) but extends their
analysis in some important respects. Entrepreneurs in our model dispose of
two different skills (technological and systemic skills) and we are able to
show that it is not only the absolute skill level but also the aggregate
distribution of different skills that drives growth and convergence of an
economy towards the world technology frontier
Keywords: growth, skills, innovation, selection, distance to frontier; (follow links to similar papers)
JEL-Codes: O31,; O33,; O38,; J24,; L26; (follow links to similar papers)
21 pages, November 2008
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