Human Capital Essay

12569 WordsSep 20, 201251 Pages
CESIS Electronic Working Paper Series Paper No. 50 Human Capital, R&D and Regional Export Performance 1 Urban Gråsjö (HTU/JIBS) Dec 2005 The Royal Institute of Technology Centre of Excellence for Science and Innovation Studies http://www.infra.kth.se/cesis/cesis/publications/working_papers/index.htm Corresponding author: urban.grasjo@htu.se 1 Status of the paper: This paper is part of Urban Grasjö’s dissertation and will be presented at a final seminar at Jönköping International Business School (JIBS) in January 2006 1 Human capital, R&D and Regional Export Performance Urban Gråsjö2 Abstract The main purpose of the study in this paper is to establish to what extent accessibility to R&D and human capital can explain regional export. This is done by estimating knowledge production functions, with export value and high valued exports in Swedish municipalities from 1997 to 1999 as outputs. In order to account for geographical proximity, the explanatory variables are expressed as accessibilities to R&D and human capital. The total accessibility is divided into three geographical levels; local (within the municipality), intra-regional and inter-regional accessibility to R&D and human capital. R&D conducted at universities and in companies is measured in man years and the numbers of people with at least three years of university studies measures the amount of human capital. The estimations are conducted with quantile regressions since the distributions of the dependent variables are highly skewed with a few very influential outliers. Due to problems with multicollinearity it is not easy to tell if the variations in the municipalities’ exports are explained by human capital or company R&D. But the results in the paper indicate that accessibility to human capital has the greatest positive effects. The value of exported products is mainly affected by local

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