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Productivity Distribution and Economic Growth

이재원|김형석|주효연|조장옥
한국경제학회 (The Korean Economic Association)|2016.06|The Korean Economic Review|제32권 제1호|pp. 23-40

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참고문헌

키워드

Economic GrowthHuman CapitalProductivity DistributionIncomplete Markets
주제분류경제학

초록

This paper develops a tractable model of economic growth in which heterogeneous households produce capital à la Romer (1986). The paper demonstrates that depending on its varying degrees of persistence, productivity heterogeneity dictates economic growth. A regression analysis based upon a reduced-form version of the model shows that the persistence of human capital is the driving force behind the positive effects of productivity dispersion on economic growth.

Abstract

This paper develops a tractable model of economic growth in which heterogeneous households produce capital à la Romer (1986). The paper demonstrates that depending on its varying degrees of persistence, productivity heterogeneity dictates economic growth. A regression analysis based upon a reduced-form version of the model shows that the persistence of human capital is the driving force behind the positive effects of productivity dispersion on economic growth.

참고문헌 (34)

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관련 논문AI추천

HETEROGENEOUS AGENTS AND ECONOMIC GROWTH박구웅한국경제학회 · The Korean Economic Review2009 · 제25권 제2호PHYSICAL AND HUMAN CAPITAL ACCUMULATION AND THE EVOLUTION OF INCOME AND INEQUALITYGUIDO BALDI경제연구소 · Journal of Economic Development2013 · 제38권 제3호Creative Destruction, Heterogeneous Firm Growth, and Efficient Resources Reallocation김정욱, 전현배경제연구소 · Journal of Economic Research (JER)2009 · 제14권 제1호Parameter Heterogeneity in the Neoclassical Growth Model: A Quantile Regression ApproachGiorgio Canarella, Stephen Pollard경제연구소 · Journal of Economic Development2004 · 제29권 제1호The Deviation Terms in the Decomposition of Aggregate Productivity GrowthLe Li, Simona Settepanella경제연구소 · Seoul Journal of Economics2022 · 제35권 제2호Specialization, Firm Dynamics and Economic Growth조재한, Zhizhuang Ge대외경제정책연구원 · East Asian Economic Review2019 · 제23권 제2호

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