The Library
Is inequality the price to pay for higher growth in middle-income countries? Revisiting the Kuznets hypothesis in the event of skill-biased technological change
Tools
Grimalda, Gianluca and Vivarelli, Marco (2010) Is inequality the price to pay for higher growth in middle-income countries? Revisiting the Kuznets hypothesis in the event of skill-biased technological change. Journal of Evolutionary Economics, Vol.20 (No.2). pp. 265-306. doi:10.1007/s00191-009-0148-6 ISSN 0936-9937.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1007/s00191-009-0148-6
Abstract
An evolutionary two-sector model is used to study the impact of skill-biased technological change on the growth and inequality paths of a middle-income developing economy. We present four scenarios resulting from changes in a country's structural conditions and the characteristics of the shock. We show that wage inequality is neither a necessary nor a sufficient condition for growth. A Kuznets dynamic may emerge in the long run in the case of successful catching-up to the high-growth steady state. However, this only happens if adjustment costs significantly hamper the process of skill upgrade. The business cycle and the process of structural change may give rise to sizeable rises in wage inequality in the short term, even when the economy does not break out from the low-growth steady state.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation | ||||
Journal or Publication Title: | Journal of Evolutionary Economics | ||||
Publisher: | Springer | ||||
ISSN: | 0936-9937 | ||||
Official Date: | April 2010 | ||||
Dates: |
|
||||
Volume: | Vol.20 | ||||
Number: | No.2 | ||||
Number of Pages: | 42 | ||||
Page Range: | pp. 265-306 | ||||
DOI: | 10.1007/s00191-009-0148-6 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |