The effect of ICT and high skill labor in the economic growth
DOI:
https://doi.org/10.33110/rnee.v15i2.318Keywords:
macroeconomics, endogenous growth, human capital, ICT, MexicoAbstract
The purpose of this paper is, according to endogenous growth theory, to analyze the effect of the growth rates of ICT capital and skilled employment on the economic growth for the Mexican economy between 1990-2019. Using a time series model, the main result shows a significant and positive relationship between the incorporation of high-tech capital and high skilled labor in the production process. In Mexico, the degree of education level on workers has a major effect on GDP growth, due to the increase in the efficiency in the use of new technologies. Furthermore, we conclude that the combination of skilled employment and ICT creates synergies that enable innovation.
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