| 題名: | HUMAN CAPITAL DISTRIBUTION, GROWTH AND TRADE |
| 作者: | Lee, Cheng-Te
Huang, Deng-Shing |
| 貢獻者: | 國際貿易學系 |
| 關鍵詞: | diversity
growth
kurtosis
trade |
| 日期: | 2014-01 |
| 上傳時間: | 2015-01-28 10:41:22 (UTC+8) |
| 摘要: | Distribution differences in human capital matter for a country's growth and trade. While the existing literature considers only the diversity difference in talent distribution, we argue that the kurtosis difference is also an important factor. In a two-sector equilibrium growth model, where the production function is supermodular for the consumption-good sector and submodular for the R&D sector, we prove that the diversity effect and kurtosis effect are opposite to each other. A country endowed with more diverse but leptokurtic talent distribution may have lower growth rate and import submodular goods, opposite to the conventional result from considering only the diversity difference. |
| 關聯: | BULLETIN OF ECONOMIC RESEARCH 卷: 66 期: 1 頁碼: 45-54 |
| 顯示於類別: | [國際貿易學系所] 期刊論文
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