R&D Direction and North‐South Diffusion, Human Capital, Growth, and Wages

Abstract

This paper highlights some recent components related to the endogenous growth literature; in particular, (i) research and development progress, direction, and diffusion; (ii) human‐capital accumulation; (iii) wage inequality; (iv) nonscale economic growth, showing how each one has been treated by the existing seminal literature and the expected impact of bringing them together. The connection of the different components is mainly done by involving the leading literature on North‐South technological‐knowledge diffusion by imitation under trade, and the prevailing literature on intra‐ and intercountry wage inequality.