GTAP Resources: Resource Display
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"Modelling Human Capital in WorldScan" by Rojas-Romagosa, Hugo and Nico van Leeuwen Abstract We build new modelling capabilities in WorldScan –CPB’s CGE model–to address policy questions related to human capital and skill formation. To achieve this goal we revise and update the human capital satellite model by Jacobs (2005). In addition, new features are introduced into WorldScan to deal with human capital policies: i) three skill groups, ii) a linkage between high-skill workers and R&D activities and ii) more information is taken from the satellite model. The new model is used to test current EU human capital policies. Our results have a similar pattern of macroeconomic outcomes, but with much larger e¤ects than using previousWorldScan versions. |
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- Domestic policy analysis - Labor market issues - Dynamic modeling - Calibration and parameter estimation - European Union |
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Public Access  2009 Conference Paper (208.2 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
