Technology Transfer, Income Distribution and the Process of Economic Development

Hyoungsoo Zang

Open Economies Review, 1997, vol. 8, issue 3, 245-270

Abstract: This paper studies the role of income distribution and technology transfer in the process of economic development. A novel aspect of the model is that the composition of human capital as well as the level affect economic growth. Utilizing an overlapping-generations model in which income distribution changes endogenously, we present an economic explanation for why some countries could not start modern economic growth; why some countries took off but have apparently stopped growing after some time; and why some countries have successfully developed and continue to grow. Copyright Kluwer Academic Publishers 1997

Keywords: income distribution; human capital; growth; complementarity (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1023/A:1008242831419

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