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Sectoral Shift, Wealth Distribution, and Development

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Author Info
Kazuhiro Yuki (Faculty of Economics, Kyoto University)

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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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Paper provided by EconWPA in its series Development and Comp Systems with number 0509001.

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Length: 35 pages
Date of creation: 02 Sep 2005
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Handle: RePEc:wpa:wuwpdc:0509001

Note: Type of Document - pdf; pages: 35
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Web page: http://129.3.20.41

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Keywords: Economic development; Human capital; Sectoral shift; Wealth distribution;

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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