Date
2008
Dewey
Economie industrielle
Sujet
R&D; count panel data; training; patents; linear feedback model
JEL code
O31; L60; J24; C25; C23
Conference name
2nd International Conference on Educational Economics
Conference date
08-2008
Conference city
Athènes
Conference country
Grèce
Author
Legros, Diego
Gallié, Emilie-Pauline
Type
Communication / Conférence
Item number of pages
25
Abstract (EN)
Human capital is considered as one of the main inputs in economic
growth. Human capital can generate endogenous growth thanks to a continuous process of knowledge and externalities accumulation (Aghion and Howitt,
1998). In that context, this paper explores the relationship between innovation
and vocational training. Our methodological approach allows to contribute to
the literature in three manners. First, we propose different indicators of vocational training. Second, we build a count data panel with a long time data
series. This deals with the issue of non-random selection and potentially with
measurement error from short panels. Finally, we explicitly allow for endogeneity and fixed effects using GMM techniques. Estimations are made on a panel
data set relative to French industrial firms over the period 1986-1992. Our results indicate that whatever the indicators, vocational training has a positive
impact on the technological innovation.