Aurora A.C. Teixeira|Natércia Fortuna
Human capital, innovation capability and economic growth in Portugal, 1960-2001
Universidade do Porto|Universidade do Porto
maintaining main flaw empirical studies economic growth derives fact employ solowstyle neoclassical growth models rather testing actual endogenous growth theory examine human capitalinnovationgrowth nexus thus testing new growth theory directly test insights economic evolution individual country portugal using time series data 1960 2001 estimates based vector autoregressive cointegration analysis seem confirm human capital indigenous innovation efforts enormously important economic growth process portugal period study particular indirect effect human capital innovation emerges critical showing reasonably high stock human capital necessary enable country reap benefits indigenous innovation efforts