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文章基本信息

  • 标题:Human Capital Accumulation and Endogenous Growth in a Dual Economy
  • 本地全文:下载
  • 作者:Gupta, Manash Ranjan ; Chakraborty, Bidisha
  • 期刊名称:Hitotsubashi Journal of Economics
  • 印刷版ISSN:0018-280X
  • 出版年度:2006
  • 卷号:47
  • 期号:2
  • 出版社:Maruzen Company Ltd
  • 摘要:This paper develops an endogenous growth model of a dual economy where human capital accumulation is the source of economic growth. The dualism between the rich sector and the poor sector exists in the mechanism of human capital accumulation. Individuals in the rich sector (region) allocate labour time not only for their own production and knowledge accumulation but also to train the individuals in the poor sector (region). External e#ects of human capital are considered not only in the production technology in the rich sector but also in the production technology and in the human capital accumulation in the poor sector. The model helps us to derive some important properties of the steady state growth path of a competitive household economy as well as that of a command economy. Steady-state growth equilibrium in the competitive economy may not be socially ine$cient.
  • 关键词:Human Capital, Dualism, Economic growth, Rural, Urban, Competitive Equilibrium, Steady-state growth, Planned Economy.
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