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On the Persistence of Human Capital Income and Patent Effects around 1900 on Per capita levels in the 1960’s

par Baten, Joerg;Jaeger, Kirsten
Référence Brussels economic review, 52, 3/4, page (289-304)
Publication Publié, 2009

Article révisé par les pairs

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Résumé :

We assess the impact of schooling and important patents in 1900 and 1910 on national income in the 1960s. Even controlling for GDP per capita in 1910, we find that both the effects of schooling and important patents were always statistically and economically significant. Growth successes of the 20th century such as Japan or the Scandinavian countries were based on early human capital formation and their propensity to innovativeness.