Arbeitspapier
Learning externalities and economic growth
It is a well known fact that not all countries develop at the same time. The industrial revolution began over 200 years ago in England and has been spreading over the world ever since. In their paper Barriers to Riches, Parente and Prescott notice that countries that enter the industrial stage later on grow faster than what the early starters did. I present a simple model with learning externalities that generates this kind of behavior. I follow Lucas (1998) and solve the optimization problem of the representative agent under the assumption that the external effect is given by the world leader's human capital.
- Sprache
-
Englisch
- Erschienen in
-
Series: Serie Documentos de Trabajo ; No. 270
- Klassifikation
-
Wirtschaft
- Thema
-
Humankapital
Wirtschaftswachstum
Externer Effekt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rodriguez, Alejandro M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
- (wo)
-
Buenos Aires
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Rodriguez, Alejandro M.
- Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
Entstanden
- 2004
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