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EDUCATED MANPOWER BEHIND NORWAY'S EXPORTS, DOMESTIC CONSUMPTION, AND INVESTMENT *
Author(s) -
Thonstad Tore,
Kobberstad Tor
Publication year - 1971
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1971.tb00778.x
Subject(s) - depreciation (economics) , economics , norwegian , consumption (sociology) , unit (ring theory) , labour economics , investment (military) , capital (architecture) , capital investment , capital formation , human capital , economic growth , finance , social science , linguistics , philosophy , mathematics education , mathematics , archaeology , sociology , financial capital , politics , political science , law , history
This paper contains some of the main results of an investigation into the use of educated manpower in Norwegian industries. An input‐output model with labour inputs specified by education is presented. Per unit of final delivery, Norwegian exports in 1960 used relatively less labour, and less educated labour, but more capital (measured by depreciation) than the other categories of final demand. But when the use of labour is compared to the income created by the final deliveries, the differences are much smaller.