Human Capital and Adoption of Innovations: Policy Implications
In: Applied economic perspectives and policy, Band 42, Heft 1, S. 92-99
ISSN: 2040-5804
AbstractNew technologies are made possible by public and private R&D. Investments in education increase skills for decision making—denoted as allocative efficiency. In an environment with dynamic technology, farmers with more education are better able to make technology adoption decisions in a dynamic economic and technical environment. Societies have developed institutions and policies for sharing the costs of education and obtaining the benefits.