Keita, Kamei (2011): Industrialization and technological progress with many countries under a non-homothetic preference.
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This paper examines industrialization in each country by using a model with a continuum of countries. Our model is mainly based on Yanagawa’s (1996) model. However, unlike Yanagawa’s model, our model adopts the Stone-Geary utility function of a non-homothetic preference. The main results are as follows. First, we find that an increase in agricultural productivity leads to industrialization under the nonhomothetic preference, whereas it leads to deindustrialization under the homothetic preference. Second, the widening disparity of manufacturing productivity among countries leads to an increase in the number of agricultural countries in the world, even if it is under the non-homothetic preference.
|Item Type:||MPRA Paper|
|Original Title:||Industrialization and technological progress with many countries under a non-homothetic preference.|
|Keywords:||Industrialization, multi-countries, Stone-Geary utility function|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q17 - Agriculture in International Trade
O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology
|Depositing User:||Keita Kamei|
|Date Deposited:||30. May 2011 13:00|
|Last Modified:||24. Mar 2015 17:05|
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