Lecture 5 18

Lecture 5 18 - human capital Human Capital(H Production of...

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Lucas Two-Sector Growth Model The economy’s production function uses capital (K) and human capital (H). But human capital can be used also in the reproduction of
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Unformatted text preview: human capital. Human Capital (H) Production of Goods (uH) Production of more human capital (1-u)H u 1-u...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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