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RESEARCH PRODUCT
Education, Growth and Development
Marc Pilkingtonsubject
Core (game theory)media_common.quotation_subjectKnowledge triangleEconomicsRelevance (law)Lisbon StrategyProduction–possibility frontierEconomic systemImitationInvestment (macroeconomics)Human capitalmedia_commondescription
The link between higher-education investment and growth is more relevant when a country’s economy is no longer based on imitation, and begins to rely instead, on innovation as the main engine for growth. The knowledge triangle – research, education and innovation – was a core factor in European efforts to meet the Lisbon strategy and its stated objective that knowledge should help the European economy become the most dynamic knowledge-based one in the world. The failure of the Lisbon strategy was later conducive to a new ambitious scheme, namely Horizon 2020. Human capital, when transposed to educational matters, helps put forward an assessment of the relevance of the neo-Schumpeterian view that differentiates between countries according to their proximity to the production possibility frontier.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2016-12-06 |