| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6302 |
| DP6302 The Role of Immigration in Sustaining theSocial Security System: APolitical Economy Approach | |
| Assaf Razin; Edith Sand | |
| 发表日期 | 2007-05-18 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Technological change was unskilled-labour-biased during the early Industrial Revolution of the late eighteenth and early nineteenth centuries, but is skill-biased today. This fact is not embedded in extant unified growth models. We develop a model of the transition to sustained economic growth which can endogenously account for both these facts, by allowing the factor bias of technological innovations to reflect the profit-maximising decisions of innovators. Endowments dictated that the initial stages of the Industrial Revolution be unskilled-labour biased. The transition to skill-biased technological change was due to a growth in ``Baconian knowledge'' and international trade. Simulations show that the model does a good job of tracking reality, at least until the mass education reforms of the late nineteenth century. |
| 主题 | International Macroeconomics |
| 关键词 | Demography Endogenous growth Trade |
| URL | https://cepr.org/publications/dp6302 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535138 |
| 推荐引用方式 GB/T 7714 | Assaf Razin,Edith Sand. DP6302 The Role of Immigration in Sustaining theSocial Security System: APolitical Economy Approach. 2007. |
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