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Romer Meets Kongsamut-Rebelo-Xie in a Nonbalanced Growth Model

Author

Listed:
  • Li, Shunhan
  • Wang, Gaowang
  • Wang, Jin

Abstract

By introducing Romer (1990)'s endogenous technological change into the multisector growth model developed by Kongsamut, Rebelo and Xie (2001), the paper shows that human capital speeds up economic growth and structural changes in the multisector economy qualitatively and quantitatively.

Suggested Citation

  • Li, Shunhan & Wang, Gaowang & Wang, Jin, 2018. "Romer Meets Kongsamut-Rebelo-Xie in a Nonbalanced Growth Model," MPRA Paper 87582, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:87582
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    File URL: https://mpra.ub.uni-muenchen.de/89441/1/MPRA_paper_88455.pdf
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    References listed on IDEAS

    as
    1. Diego Comin & Danial Lashkari & Martí Mestieri, 2021. "Structural Change With Long‐Run Income and Price Effects," Econometrica, Econometric Society, vol. 89(1), pages 311-374, January.
    2. Daron Acemoglu & Veronica Guerrieri, 2008. "Capital Deepening and Nonbalanced Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 116(3), pages 467-498, June.
    3. L. Rachel Ngai & Christopher A. Pissarides, 2007. "Structural Change in a Multisector Model of Growth," American Economic Review, American Economic Association, vol. 97(1), pages 429-443, March.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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