Capital mobility, skill formation and polarization

Hamid Beladi, Sugata Marjit and Udo Broll

Economic Modelling, 2011, vol. 28, issue 4, 1902-1906

Abstract: We bring in hierarchical education and skill formation within a standard Jonesian specific-factor model of production and trade for a developing economy. There are three types of labor, unskilled, medium skilled and high-skilled. The unskilled can only develop into medium-skilled and medium-skilled into high-skilled. As capital becomes internationally mobile, educational capital gets concentrated in particular types of education. In the process the society gets polarized between the highly educated and the absolutely uneducated.

Keywords: Trade; Skill; formation; Capital; mobility (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (19)

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