Income Convergence in an Endogeneous Growth Model
Income Convergence in an Endogeneous Growth Model
复制标题
内生增长模型中的收入趋同
DOI：
10.1086/261765
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发表时间：
1991
影响因子：
8.2
通讯作者：
Robert Tamura
中科院分区：
文献类型：
--
作者：
Robert Tamura
建立了一个内生增长模型，它产生了人均收入和产出增长率的趋同。代理人具有相同的偏好和获得相同的生产和投资技术，但初始人力资本水平不同。人力资本在投资技术中的溢出效应为低于平均水平的人力资本代理人提供了比高于平均水平的人力资本代理人更高的投资回报率。因此，低于平均水平的人力资本代理人比高于平均水平的人力资本代理人增长更快。该模型解释了发达国家的收入趋同、美国境内的地区收入趋同以及代际流动性。
An endogeneous growth model is developed that produces convergence in per capita income and growth rates of output. Agents have identical preferences and access to identical technologies of production and investment, but differing levels of initial human capital. A spillover effect of human capital in the investment technology provides below-average human capital agents with a higher rate of return on investment than above-average human capital agents. Thus below-average human capital agents grow faster than above-average human capital agents. This model explains income convergence of the developed world, regional income convergence within the United States, and intergenerational mobility.