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- Title
TECHNOLOGICAL PROGRESS, BIPOLARIZATION AND ECONOMIC GROWTH.
- Authors
Kei Murata
- Abstract
This paper analyzes the interaction between the distribution of human capital and economic growth in the basic model mainly based on Galor and Tsiddon (1997) and Galor (1996). In these model, they assume to have only one type of human capital. But this paper assumes that there can be two types of human capital, unskilled labor and skilled labor, and we assume that they have their own dynamical systems respectively about the evolution of human capital, depending on Galor and Moav (2000). As a result, we can point out two types of equilibrium which may become available as steady state equilibrium. In Galor and Tsiddon (1997), the bipolarization of human capital is canceled by technological progress. But in this model, we point out that there is no guarantee that the bipolarization is canceled by technological progress if unskilled labor and skilled labor have their own dynamical systems.
- Subjects
HUMAN capital; ECONOMIC development; TECHNOLOGICAL innovations; SKILLED labor; ECONOMIC equilibrium; TECHNOLOGICAL progress; ECONOMICS
- Publication
Global Business & Economics Anthology, 2016, Vol 1, p89
- ISSN
1553-1392
- Publication type
Article