Increasing returns, human capital, and the Kuznets curve
Increasing returns, human capital, and the Kuznets curve
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递增回报、人力资本和库兹涅茨曲线
DOI:
10.1016/s0304-3878(98)00040-6
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发表时间:
1998
影响因子:
5
通讯作者:
B. Ravikumar
中科院分区:
文献类型:
--
作者:
G. Glomm;B. Ravikumar
We present a simple model of human capital accumulation which generates the Kuznets curve as an equilibrium outcome. The central ingredient that helps generate the Kuznets curve in the model is what we call short-run increasing returns to scale in the learning technology. The learning technology exhibits increasing returns to scale, but only in the short run, since one of the factors of production, time, is bounded above by the endowment. We show that short-run increasing returns to scale is necessary to obtain the Kuznets curve, but not sufficient.