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

Li, Shunhan and Wang, Gaowang and Wang, Jin (2018): Romer Meets Kongsamut-Rebelo-Xie in a Nonbalanced Growth Model.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Human Capital; Endogenous Growth; Structural Change
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

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