Sectoral Shift, Wealth Distribution, and Development

Kazuhiro Yuki

Development and Comp Systems from University Library of Munich, Germany

Abstract: There are two phenomena widely observed when an economy departs from an underdeveloped state and starts rapid economic growth. One is the shift of production, employment, and consumption from the traditional sector to the modern sector, and the other is a large increase in educational levels of its population. The question is why some economies have succeeded in such ’structural change’, but others do not. In order to examine the question, an overlapping generations model that explicitly takes into account the sectoral change and human capital accumulation as sources of development is constructed and analyzed.

Keywords: Economic development; Human capital; Sectoral shift; Wealth distribution (search for similar items in EconPapers)
JEL-codes: O11 O15 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2005-09-02
New Economics Papers: this item is included in nep-dev
Note: Type of Document - pdf; pages: 35
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: SECTORAL SHIFT, WEALTH DISTRIBUTION, AND DEVELOPMENT (2008)
Working Paper: Sectoral Shift, Wealth Distribution, and Development (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0509001

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