An Economic Growth Model with Education and Industriousness
0
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This study investigates the relationships between long-run growth, education, and “industriousness” using an extended Uzawa-Lucas model with labor-leisure choice, where “industriousness” is captured by the propensity for labor-leisure choice. The extension describes shifts from economic stagnation to long-run economic growth through the structural change of “industriousness,” a growth path within the de Vries’ “industrious revolution.” A domain that generates multiple steady states exists in the middle range of the industriousness parameter, implying the existence of middle-income traps. Although the range is narrow, it can be broadened by, for example, higher population growth.
Abstract
This study investigates the relationships between long-run growth, education, and “industriousness” using an extended Uzawa-Lucas model with labor-leisure choice, where “industriousness” is captured by the propensity for labor-leisure choice. The extension describes shifts from economic stagnation to long-run economic growth through the structural change of “industriousness,” a growth path within the de Vries’ “industrious revolution.” A domain that generates multiple steady states exists in the middle range of the industriousness parameter, implying the existence of middle-income traps. Although the range is narrow, it can be broadened by, for example, higher population growth.
참고문헌 (51)
- Abramovitz, M., "Reinterpreting Economic Growth : Parables and Realities", American Economic Review, 63, pp.428~439 (1973)
- Benhabib, J., "Indeterminacy and Increasing Returns", Journal of Economic Theory, 63(1), pp.19~41 (1994)
- Benhabib, J., "Uniqueness and Indeterminacy : On the Dynamics of Endogenous Growth", Journal of Economic Theory, 63(1), pp.113~142 (1994)
- Benhabib, J., "The Role of Human Capital in Economic Development : Evidence from Aggregate Cross-Country Data", Journal of Monetary Economics, 34(2), pp.143~173 (1994)
- Bils, M., "Does Schooling Cause Growth?", American Economic Review, 90(5), pp.1160~1183 (2000)
- Chayanov, A. D., "The Theory of the Peasant Economy" (1966), The American Economic Association
- Cipolla, C. M., "Literacy and Development in the West" (1969), Perican
- Cooley, T.F., "Frontiers of Business Cycle Research" (1995), Princeton University Press
- Corbin, A., "L’Avénement des Loisirs 1850-1960" (1995), Aubier
- Dasgupta, P., "An Inquiry into Well-Being and Destitution" (1993), Cambridge University Press
- de Vries, J., "The Industrial Revolution and the Industrious Revolution", Journal of Economic History, 54(2), pp.249~270 (1994)
- Dore, R. P., "Education in Tokugawa Japan" (1965), University of California Press
- Dore, R. P., "Diploma, Disease : Education, Qualification and Development" (1978), George Allen and Unwin Ltd
- Engels, F., "Die Lage der arbeitenden Klasse in England (The Condition of the Working Class in England)", ~ (1845)
- Farmer, R. E. A., "Animal Spirits, Financial Crises and Persistent Unemployment", Economic Journal, 123(568), pp.317~340 (2013)
- Fei, J.C.H., "Development of Labor Surplus Economy : Theory and Policy" (1964), Yale University Press
- Fiaschi, D., "Nonlinear Economic Growth : Some Theory and Cross-Country Evidence", Journal of Development Economics, 84(1), pp.271~290 (2007)
- Fouquet, R., "Seven Centuries of European Economic Growth and Decline", Journal of Economic Perspectives, 29(4), pp.227~244 (2015)
- Gantmakher, F. R., "The Theory of Matrices" (1960), Chelsea
- Gershenkron, A., "Economic Backwardness in Historical Perspective" (1966), Belknap Press
- Gill, I.S., "An East Asian Renaissance : Ideas for Economic Growth" (2007), World Bank
- Hanushek, E.A., "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation", Journal of Economic Growth, 17(4), pp.267~321 (2012)
- Hayami, Y., "Changes in the Sources of Modern Economic Growth : Japan Compared with the United States", Journal of the Japanese and International Economies, 13(1), pp.1~21 (1999)
- Iacopetta, M., "Phases of Economic Development and the Transitional Dynamics of an Innovation-Education Growth Model", European Economic Review, 54(2), pp.317~330 (2010)
- Jones, C. I., "Handbook of Macroeconomics", pp.3~69 (2016)
- Jorgenson, D. W., "Surplus Agricultural Labour and the Development of a Dual Economy", Oxford Economic Papers, 19(3), pp.288~312 (1967)
- Ladrón de Guevara, A., "A Two-Sector Model of Endogenous Growth with Leisure", Review of Economic Studies, 66(3), pp.609~631 (1999)
- Ladrón de Guevara, A., "Equilibrium Dynamics in Two-Sector Models of Endogenous Growth", Journal of Economic Dynamics and Control, 21(1), pp.115~143 (1997)
- Lewis, W. A., "Economic Development with Unlimited Supplies of Labor", Manchester School of Economic and Social Studies, 22, pp.139~191 (1954)
- Lucas, R. E., "On the Mechanics of Economic Development", Journal of Monetary Economics, 22(1), pp.3~42 (1988)
- Marx, K., "Capital: Critique of Political Economy, Vol. I" (1867)
- Matsuyama, K., "The Rise of Mass Consumption Societies", Journal of Political Economy, 110(5), pp.1035~1070 (2002)
- Human Capital Formation and Patterns of Growth with Multiple Equilibria, "Mino, K.", MPRA, ~, pp.MPRA Paper No. 58146 (2003)
- Morse, E. S., "Japan Day by Day, Vol. 1, 1877, 1878-1879, 1882-1883" (1917), Houghton Mifflin
- Nishimoto, I., "Jikan Ishiki No Gendai(Modern Time Consciousness)" (2006), Hosei University Press
- Peretto, P. F., "From Smith to Schumpeter : A Theory of Take-Off and Convergence to Sustained Growth", European Economic Review, 78, pp.1~26 (2015)
- Pritchett, L., "Where Has All the Education Gone?", World Bank Economic Review, 15(3), pp.367~391 (2001)
- Ray, D., "Development Economics" (1998), Princeton University Press
- Rostow, W. W., "The Stages of Economic Growth : A Non-communist Manifesto" (1964), Cambridge University Press
- Rubinger, R., "Popular Literacy in Early Modern Japan" (2007), University of Hawai’i Press
- Saito, O., "Wage, Labor, and Living Level" (1998), Iwanami Shoten
- Schor, J. B., "The Overworked American : The Unexpected Decline of Leisure" (1992), Basic Books
- Schultz, T. W., "The Value of Ability to Deal with Disequilibria", Journal of Economic Literature, 13, pp.827~846 (1975)
- Sombart, W., "DerBourgeois : Zur Geistegeschichte des Modernen Wirtschaftsmenschen" (1913), Duncker and Humblot
- Summers, L. H., "U. S. Economic Prospects : Secular Stagnation, Hysteresis, and the Zero Lower Bound", Business Economics, 49(2), pp.65~73 (2014)
- Thompson, E. P., "Time, Work-Discipline, and Industrial Capitalism", Past and Present, 38(1), pp.56~97 (1968)
- Uzawa, H., "Optimal Technical Change in An Aggregative Model of Economic Growth", International Economic Review, 6(1), pp.18~31 (1965)
- Voth, H. -J., "Time and Work in Eighteenth-Century London", Journal of Economic History, 58(1), pp.29~58 (1998)
- Williams, L., "The Country and City" (1973), Chatto and Windus and Spokesman Books
