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Sectoral Shift, Wealth Distribution, and Development

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  • Kazuhiro Yuki

    (Faculty of Economics, Kyoto University)

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.

Suggested Citation

  • Kazuhiro Yuki, 2005. "Sectoral Shift, Wealth Distribution, and Development," Development and Comp Systems 0509001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0509001
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    Cited by:

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    2. Dalila Nicet-Chenaf & Eric Rougier, 2009. "Human capital and structural change: how do they interact with each others in growth," Post-Print hal-00798441, HAL.
    3. Keigo Nishida, 2014. "Agricultural productivity differences and credit market imperfections," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(8), pages 1262-1276, December.
    4. 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.
    5. Yuki, Kazuhiro, 2016. "Education, Inequality, And Development In A Dual Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 20(1), pages 27-69, January.
    6. Yuki, Kazuhiro, 2021. "Modernization, social identity, and ethnic conflict," European Economic Review, Elsevier, vol. 140(C).
    7. Yuki, Kazuhiro, 2012. "Stereotypes, segregation, and ethnic inequality," MPRA Paper 39704, University Library of Munich, Germany.
    8. Yuki, Kazuhiro, 2023. "Social Identity, Redistribution, and Development," MPRA Paper 115965, University Library of Munich, Germany.
    9. Yuki, Kazuhiro, 2007. "Urbanization, informal sector, and development," Journal of Development Economics, Elsevier, vol. 84(1), pages 76-103, September.
    10. Yuki, Kazuhiro, 2009. "Education, Signaling, and Wage Inequality in a Dynamic Economy," MPRA Paper 16982, University Library of Munich, Germany.
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    12. Ying Ma & Jing Li & Guansheng Yu & Dongyang Yuan, 2014. "Trade Openness, Economic Growth and the Vicissitude of Labor-intensive Industries: The Case of China," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 43(1), pages 7-31, September.

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    More about this item

    Keywords

    Economic development; Human capital; Sectoral shift; Wealth distribution;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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