| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10492 |
| DP10492 Growth and Human Capital: A Network Approach | |
| Chryssi Giannitsarou; Tiago Cavalcanti | |
| 发表日期 | 2015-03-15 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in education and on average human capital of the household's network neighborhood. Network structure is crucial for both the long run outcomes and the transition of otherwise identical economies. Network cohesion above a certain threshold eliminates differences across households and leads to long run equality, while below the threshold, inequality is high and persists more often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most degree central node has high initial human capital and (ii) high individual household growth is achieved when the household has low human capital relative to its neighborhood and is located in a neighborhood that has high average human capital relative to the whole economy. |
| 主题 | Development Economics ; International Macroeconomics |
| 关键词 | Human capital Growth Inequality Local externality Networks |
| URL | https://cepr.org/publications/dp10492 |
| 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/539324 |
| 推荐引用方式 GB/T 7714 | Chryssi Giannitsarou,Tiago Cavalcanti. DP10492 Growth and Human Capital: A Network Approach. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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