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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.

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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.

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