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The multiple relationships among innovation, human capital and economic growth：an empirical study of Sweden

Li, Chao LU (2011) EKHR22 20111
Department of Economic History
Abstract (Swedish)
The impact of innovation and human capital on economic performance has drawn more and more attention. This is greatly due to the strong trend of globalization and technology development, which characterize the economy as technology or innovation oriented developing pattern. Human capital and innovation are considered as the endogenous factors for supporting the long run economic growth in the new growth theories. In the thesis, we emphasized the multiple relationships between innovation, human capital and economic growth. In the quantitative analysis, the econometric test basically supports the conventional theories about human capital and innovation’s significant positive influence on economic performance in the long run. Thus promoting... (More)
The impact of innovation and human capital on economic performance has drawn more and more attention. This is greatly due to the strong trend of globalization and technology development, which characterize the economy as technology or innovation oriented developing pattern. Human capital and innovation are considered as the endogenous factors for supporting the long run economic growth in the new growth theories. In the thesis, we emphasized the multiple relationships between innovation, human capital and economic growth. In the quantitative analysis, the econometric test basically supports the conventional theories about human capital and innovation’s significant positive influence on economic performance in the long run. Thus promoting innovation’s development would be the top priorities for both policy makers and individual firms. In the short run analysis, the Swedish empirical case implies that economic level and old knowledge’s impact on innovation’s creation is tremendous. What’s more, we should also notice that there is an obvious time lag for human capital and R&D investment to significantly affect innovations’ development. (Less)
Please use this url to cite or link to this publication:
author
Li, Chao LU
supervisor
organization
course
EKHR22 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Innovation, human capital, economic growth
language
English
id
1977262
date added to LUP
2011-07-06 11:41:36
date last changed
2011-07-06 11:41:36
@misc{1977262,
  abstract     = {{The impact of innovation and human capital on economic performance has drawn more and more attention. This is greatly due to the strong trend of globalization and technology development, which characterize the economy as technology or innovation oriented developing pattern. Human capital and innovation are considered as the endogenous factors for supporting the long run economic growth in the new growth theories. In the thesis, we emphasized the multiple relationships between innovation, human capital and economic growth. In the quantitative analysis, the econometric test basically supports the conventional theories about human capital and innovation’s significant positive influence on economic performance in the long run. Thus promoting innovation’s development would be the top priorities for both policy makers and individual firms. In the short run analysis, the Swedish empirical case implies that economic level and old knowledge’s impact on innovation’s creation is tremendous. What’s more, we should also notice that there is an obvious time lag for human capital and R&D investment to significantly affect innovations’ development.}},
  author       = {{Li, Chao}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The multiple relationships among innovation, human capital and economic growth：an empirical study of Sweden}},
  year         = {{2011}},
}