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来源类型Working Paper
规范类型报告
DOI10.3386/w27278
来源IDWorking Paper 27278
Flying or Trapped?
Yunfang Hu; Takuma Kunieda; Kazuo Nishimura; Ping Wang
发表日期2020-06-01
出版年2020
语种英语
摘要We develop a unified theory with endogenous technology choice in human/knowledge capital accumulation to establish a rich array of equilibrium development paradigms, including poverty trap, middle income trap and flying geese growth. We then generalize the baseline structure and establish conditions for different development paradigms to arise. By calibrating the general model to fit the data from several representative economies with different income and growth patterns, we identify various prolonged flying geese episodes and middle income traps. By performing growth accounting, we find that improving human capital accumulation efficacy and mitigating barriers to human capital accumulation are most rewarding for advancing the economy and avoiding the middle income trap.
主题Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w27278
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584949
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GB/T 7714
Yunfang Hu,Takuma Kunieda,Kazuo Nishimura,et al. Flying or Trapped?. 2020.
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