This paper quantitatively examines the e¤ects of two exogenous driving forces, investment-speci…c technological change (ISTC) and the demographic change known as “the baby boom and the baby bust,”on the evolution of the skill premium in the postwar U.S. economy. I develop an overlapping generations general equilibrium model with endogenous discrete schooling choice. The production technology fe...

Technological modernization requires a cautious approach on the state and business to conditions for high-quality human capital formation. Ensuring competitiveness is possible only under condition of systematic strategic investment in capital. In study, presented as resource that becomes priority. The analysis resources through potential, development means with no material form, seems most prom...

ACKNOWLEDGEMENTS First and foremost, I wish to express my gratitude to my entire family for their constant support, not only in the write-up of this dissertation, but also for the entire duration of my MSc studies. SECTION 1 INTRODUCTION The link between education and economic growth is an issue that has been investigated for decades. This is because education is essential for the build-up of h...

This paper develops and simulates a dynamic general equilibrium macroeconomic model to analyze the likely impact of oil production and revenue rehabilitation on the Libyan economy, under different government fiscal policy responses. The model is ideally appropriate to analyze macroeconomic issues in oil-producing developing countries. In particular, it is capable of incorporating alternative go...

This paper examines how Scientific and technological (S&T) human capital is transformed into financial capital through the creation of firms by scientists. The study is based on the analysis of the role and position of the 132 founders of 62 French biotech SMEs in their early years. . Our empirical analysis highlights that scientists who have the highest human capital in terms of reputation and...

P roductivity promotion has received a key attention in contemporary macroeconomic analysis. Productivity of labor driven, in particular, by human capital (i.e. health and education), is seen vitally more important. Labor qualities in terms of health and education (treated as flow and stock variables), have a bearing on labor productivity. The main objective of this paper is to ident...

This paper examines how Scientific and technological (S&T) human capital is transformed into financial capital through the creation of firms by scientists. The study is based on the analysis of the role and position of the 132 founders of 62 French biotech SMEs in their early years. . Our empirical analysis highlights that scientists who have the highest human capital in terms of reputation and...