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Current Position: English >> Published Papers >> 正文
Gaowang Wang,with Shunhan Li and Jin Wang:Romer Meets Kongsamut-Rebelo-Xie in a Nonbalanced Growth Model
Updat:Oct 15, 2018   Author:   Click:[]

Forthcoming in the journal of Economics Letters

Abstract: To explain the newly found empirical relationship between human capital accumulation and structural change, the paper introduces Romer (1990)'s endogenous technological change into the multi-sector growth model pioneered by KRX (1997, 2001), and shows that an increase in the level of human capital accelerates the structural transformation of the economy, while the incremental effect of human capital on structural change is smaller at higher levels of human capital. The theoretical results of the combined model matches the empirical findings very well.

Keywords: Human Capital; Endogenous Technological Change; Structural Change.

JEL Classification Numbers: O14; O41.

Next:Gaowang Wang, with Yulei, Luo, Jun Nie, and Eric Young: Rational Inattention and the Dynamics of Consumption and Wealth in General Equilibrium

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