HUMAN CAPITAL DISTRIBUTION, GROWTH AND TRADE

文化大學機構典藏 CCUR > 商學院 > 國際貿易學系所 > 期刊論文 > Item 987654321/29294

Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/29294

Title:	HUMAN CAPITAL DISTRIBUTION, GROWTH AND TRADE
Authors:	Lee, Cheng-Te Huang, Deng-Shing
Contributors:	國際貿易學系
Keywords:	diversity growth kurtosis trade
Date:	2014-01
Issue Date:	2015-01-28 10:41:22 (UTC+8)
Abstract:	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.
Relation:	BULLETIN OF ECONOMIC RESEARCH 卷: 66 期: 1 頁碼: 45-54
Appears in Collections:	[國際貿易學系所] 期刊論文

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