Journal article

Constructing a measure of industry-specific human capital using Tobin's q theory

KK Tang, YP Tseng

Economics Bulletin | Published : 2004

Abstract

In this paper, we develop a measure of industry specific human capital using the Tobin's qtheory. The measure is derived from a structural model of heterogeneous knowledge labor,which is homogeneous physical labor embodied with industry specific human capital.

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