Parantap Basu () (Department of Economics and Finance, Durham University, 23-26 Old Elvet, Durham DH1 3HY, United Kingdom) Alessandra Guariglia () (School of Economics, University of Nottingham, University Park, Nottingham, NG7 2RD, United Kingdom)
Additional information is available for the following
registered author(s):
Why do some countries industrialize later than others? Recent literature suggests that the prime reason is low agricultural productivity. This paper argues that the initial level of human capital could also be a contributing factor. We construct a neoclassical growth model, which predicts that countries with a greater initial knowledge gap industrialize later. We use this model as a baseline and calibrate it to historical data for the United Kingdom. We find that our baseline model performs well in replicating actual historical U.K. gross domestic product series during the postindustrialization era. The same model also explains a significant fraction of past and recent cross-country variations in per capita income levels.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 75 (2008) Issue (Month): 1 (July) Pages: 104-127 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Laura Razzolini).
Related research
Keywords:
Find related papers by JEL classification: O1 - Economic Development, Technological Change, and Growth - - Economic Development E1 - Macroeconomics and Monetary Economics - - General Aggregative Models