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A Microeconomic Mechanism for Economic Growth

Xiaokai Yang and Jeff Borland ()

Journal of Political Economy, 1991, vol. 99, issue 3, 460-82

Abstract: This paper constructs a dynamic general equilibrium model in which economic growth is explained by the evolution of the division of labor. The relationships among the accumulation of human capital, the evolution of the division of labor, endogenous comparative advantage, trade dependence, the market structure, and economic growth are investigated. Copyright 1991 by University of Chicago Press.

Date: 1991
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Handle: RePEc:ucp:jpolec:v:99:y:1991:i:3:p:460-82