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Human Capital, Equipment Investment, and Industrialization

Jonathan Temple, Hans-Joachim Voth

European Economic Review 42, pp. 1343-1362 (1998)

Published version

Abstract

This paper constructs simple models in which industrialization is driven by human capital accumulation. Industrialization can explain the robust correlation between equipment investment and growth in developing countries.

Keywords
human capital, equipment investment, industrialization, growth, development
DOI
10.1016/S0014-2921(97)00082-2
Canonical
https://www.jvoth.com/papers/human-capital-equipment-investment.html

Jonathan Temple, Hans-Joachim Voth (1998). “Human Capital, Equipment Investment, and Industrialization.” European Economic Review.