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Does Imported Skill-Biased Technological Change Originate None, One or Many Kuznets Curves?

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dc.creator Vivarelli, Marco
dc.creator Grimalda, Gianluca
dc.date 2005
dc.date.accessioned 2013-10-16T07:06:54Z
dc.date.available 2013-10-16T07:06:54Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19809
dc.identifier ppn:500755957
dc.identifier RePEc:zbw:gdec05:3489
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19809
dc.description We draw on a dynamical two-sector model and on a calibration exercise to study the impact of a skill-biased technological shock on the growth path and income distribution of a developing economy. The model builds on the theoretical framework developed by Silverberg and Verspagen (1995) and on the idea of localised technological change (Atkinson and Stiglitz, 1969) with sector-level increasing returns to scale. We find that a scenario of catching-up to the highgrowth steady state is predictable for those economies starting off with a high enough endowment of skilled workforce. During the transition phase, if the skill upgrade process for the workforce is relatively slow, the typical inverse-U Kuznets pattern emerges for income inequality in the long run. Small scale Kuznets curves, driven by sectoral business cycles, may also be detected in the short run. Conversely, economies initially suffering from significant skill shortages remain trapped in a low-growth steady state. Although the long-term trend is one of decreasing inequality, small-scale Kuznets curves may be detected even in this case, which may cause problems of observational equivalence between the two scenarios for the policy-maker. The underlying factors of inequality, and the evolution of a more comprehensive measure of inequality than the one normally used, are also analysed.
dc.language eng
dc.publisher
dc.relation Proceedings of the German Development Economics Conference, Kiel 2005 / Verein für Socialpolitik, Research Committee Development Economics 16
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O41
dc.subject O33
dc.subject ddc:330
dc.subject Skill-biased technological change
dc.subject inequality
dc.subject Kuznets curve
dc.subject catching-up
dc.title Does Imported Skill-Biased Technological Change Originate None, One or Many Kuznets Curves?
dc.type doc-type:conferenceObject


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