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Technology Transfer, Income Distribution and the Process of Economic Development

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  • Hyoungsoo Zang

Abstract

This paper studies the role of income distribution and technology transfer in the process of economic development. A novel aspect of the model is that the composition of human capital as well as the level affect economic growth. Utilizing an overlapping-generations model in which income distribution changes endogenously, we present an economic explanation for why some countries could not start modern economic growth; why some countries took off but have apparently stopped growing after some time; and why some countries have successfully developed and continue to grow. Copyright Kluwer Academic Publishers 1997

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  • Hyoungsoo Zang, 1997. "Technology Transfer, Income Distribution and the Process of Economic Development," Open Economies Review, Springer, vol. 8(3), pages 245-270, July.
    • Handle: RePEc:kap:openec:v:8:y:1997:i:3:p:245-270
    DOI: 10.1023/A:1008242831419
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