Productivity Distribution and Economic Growth

Jang-Ok Cho, Hyo-Youn Chu, Hyung Seok E. Kim and Jaywon Lee
Additional contact information
Hyo-Youn Chu: Kyung Hee University
Hyung Seok E. Kim: Korea Advanced Institute of Science and Technology
Jaywon Lee: Korea Advanced Institute of Science and Technology

Korean Economic Review, 2016, vol. 32, 23-40

Abstract: This paper develops a tractable model of economic growth in which heterogeneous households produce capital a la Romer (1986). The paper demonstrates that depending on its varying degrees of persistence, productivity heterogeneity dictates economic growth. A regression analysis based upon a reduced-form version of the model shows that the persistence of human capital is the driving force behind the positive effects of productivity dispersion on economic growth

Keywords: Economic Growth; Productivity Distribution; Human Capital; Incomplete Markets (search for similar items in EconPapers)
JEL-codes: E13 E24 O40 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20160630-32-1-02.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kea:keappr:ker-20160630-32-1-02

Access Statistics for this article

Korean Economic Review is currently edited by Kyung Hwan Baik

More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by KEA ().