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Human Capital Vs TFP

Economics Asked on June 8, 2021

I’m interested in familiarizing myself with some of the intra-debates that have occurred over the years, having to do with Mankiw, Romer, Weil (1992) and Klenow, Rodriguez-Clare (1997). Some argue that TFP growth can sufficiently account for cross-country variations in output per capita. Others argue that we need a model of Human Capital.

I am just interested in reading about, and catching up with the literature on this.

Are there any papers or books that you guys can recommend?

Thanks

One Answer

  • Romer (1986): Increasing Returns to Long Run Growth
  • Lucas (1988): On the Mechanics of Economic Development
  • Romer (1990): Endogenous Technological Change
  • Jones (1995): Time Series Tests of Endogenous Growth Models

These are all classic papers in this vein of endogenous growth and questions of cross-country convergence/divergence.

Correct answer by quickhatch on June 8, 2021

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