The International Institute for Science, Technology and Education (IISTE)
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 Growt