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Sectoral Shift, Wealth Distribution, And Development

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  • Yuki, Kazuhiro

Abstract

There are two phenomena widely observed when an economy departs from an underdeveloped state and starts rapid economic growth. One is the shift of production, employment, and consumption from the traditional sector to the modern sector, and the other is a large increase in educational levels of its population. The question is why some economies have succeeded in such ’structural change’, but others do not. In order to examine the question, an overlapping generations model that explicitly takes into account the sectoral change and human capital accumulation as sources of development is constructed and analyzed.

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Bibliographic Info

Article provided by Cambridge University Press in its journal Macroeconomic Dynamics.

Volume (Year): 12 (2008)
Issue (Month): 04 (September)
Pages: 527-559

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Handle: RePEc:cup:macdyn:v:12:y:2008:i:04:p:527-559_07

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Citations

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Cited by:
  1. Yuki, Kazuhiro, 2012. "Education, inequality, and development in a dual economy," MPRA Paper 39062, University Library of Munich, Germany.
  2. Leonid V. Azarnert, 2014. "Transportation Costs and the Great Divergence," CESifo Working Paper Series 4766, CESifo Group Munich.
  3. Yuki, Kazuhiro, 2009. "Government and human capital in a model of development through modernization and specialization," MPRA Paper 19760, University Library of Munich, Germany.
  4. Dalila NICET – CHENAF (GREThA UMR CNRS 5113) & Eric ROUGIER (GREThA UMR CNRS 5113), 2009. "Human capital and structural change: how do they interact with each other in growth?," Cahiers du GREThA 2009-14, Groupe de Recherche en Economie Théorique et Appliquée.
  5. Yuki, Kazuhiro, 2009. "Education, Signaling, and Wage Inequality in a Dynamic Economy," MPRA Paper 16982, University Library of Munich, Germany.
  6. García-Díaz, César & Moreno-Monroy, Ana I., 2012. "Social influence, agent heterogeneity and the emergence of the urban informal sector," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(4), pages 1563-1574.
  7. Nishida, Keigo, 2012. "Agricultural Productivity Differences and Credit Market Imperfections," MPRA Paper 38962, University Library of Munich, Germany.

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