Endogenizing the Growth Effects of Human Capital, Technology, and Urbanization: A Derivation*

Abstract

This paper seeks to derive an econometrically testable model which gauges the effects of human capital, technology, and urbanization on economic growth, with technological progress endogenized as a function of human capital and urbanization.  This paper does not, however, empirically test the model(s) derived.   It only seeks to build such a model which incorporates the impacts of human capital and technological progress, as two potential sources of growth emanating from non-tangible inputs, on sound theoretical basis.

Keywords: Modeling Human Capital and Technology in Economic Growth, Modeling Urbanization in Economic Growth