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Direct linkJones, Benjamin F. – National Bureau of Economic Research, 2008
This paper presents a model where human capital differences--rather than technology differences--can explain several central phenomena in the world economy. The results follow from the educational choices of workers, who decide not just how long to train, but also how broadly. A "knowledge trap" occurs in economies where skilled workers favor…
Descriptors: Human Capital, International Trade, Role of Education, Skilled Workers
