(Translated by https://www.hiragana.jp/)
Endogenous Growth when Unskilled Labour is Abundant
IDEAS home Printed from https://ideas.repec.org/p/fth/nesowa/97-8.html
   My bibliography  Save this paper

Endogenous Growth when Unskilled Labour is Abundant

Author

Listed:
  • Robertson, P. E.

Abstract

An extension of the Uzawa-Lucas endogenous growth model is discussed which incorporates diminishing returns to human capital and unskilled labour in aggregate labour inputs. This extension is important in the context of developing economies, due to their abundance of unskilled labour, relative to both physical and human capital stocks. The paper describes the pattern of growth and convergence that arises from these initial conditions, and from unanticipated increases in population growth rates. It shows that the transition path for a developing economy in this endogenous growth model, displays similar convergence properties to the standard neoclassical growth model, with a high initial marginal product of capital resulting in high growth over the transition.

Suggested Citation

  • Robertson, P. E., 1997. "Endogenous Growth when Unskilled Labour is Abundant," Papers 97/8, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:97/8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    ECONOMIC GROWTH ; ECONOMIC DEVELOPMENT ; TECHNOLOGICAL CHANGE ; HUMAN CAPITAL;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:nesowa:97/8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/senswau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.