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GTAP Resource #3065

"Modelling Human Capital in WorldScan"
by Rojas-Romagosa, Hugo and Nico van Leeuwen

We build new modelling capabilities in WorldScan –CPB’s CGE model–to address policy
questions related to human capital and skill formation. To achieve this goal we revise and update
the human capital satellite model by Jacobs (2005). In addition, new features are introduced
into WorldScan to deal with human capital policies: i) three skill groups, ii) a linkage between
high-skill workers and R&D activities and ii) more information is taken from the satellite model.
The new model is used to test current EU human capital policies. Our results have a similar
pattern of macroeconomic outcomes, but with much larger e¤ects than using previousWorldScan

Resource Details (Export Citation) GTAP Keywords
Category: 2009 Conference Paper
Status: Published
By/In: Presented at the 12th Annual Conference on Global Economic Analysis, Santiago, Chile
Date: 2009
Version: 15 april 2009
Created: Rojas-Romagosa, H. (4/15/2009)
Updated: Rojas-Romagosa, H. (4/15/2009)
Visits: 1,938
- Domestic policy analysis
- Labor market issues
- Dynamic modeling
- Calibration and parameter estimation
- European Union

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