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dc.contributor.authorGrimalda, Gianlucaen_US
dc.contributor.authorVivarelli, Marcoen_US
dc.date.accessioned2009-01-28T16:14:23Z-
dc.date.available2009-01-28T16:14:23Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20476-
dc.description.abstractWe draw on a dynamical two-sector model and on a calibration exercise to study the impact of a skill-biased technological shock on the growth path and income distribution of a developing economy. The model builds on the theoretical framework developed by Silverberg and Verspagen (1995) and on the idea of localised technological change (Atkinson and Stiglitz, 1969) with sector-level increasing returns to scale. We find that a scenario of catching-up to the high-growth steady state is predictable for those economies starting off with a high enough endowment of skilled workforce. During the transition phase, if the skill upgrade process for the workforce is relatively slow, the typical inverse-U Kuznets pattern emerges for income inequality in the long run. Small scale Kuznets curves, driven by sectoral business cycles, may also be detected in the short run. Conversely, economies initially suffering from significant skill shortages remain trapped in a low-growth steady state. Although the long-term trend is one of decreasing inequality, small-scale Kuznets curves may be detected even in this case, which may cause problems of observational equivalence between the two scenarios for the policy-maker. The underlying factors of inequality, and the evolution of a more comprehensive measure of inequality than the one normally used, are also analysed.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1223en_US
dc.subject.jelO33en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keywordskill-biased technological changeen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordKuznets curveen_US
dc.subject.keywordcatching-upen_US
dc.subject.stwKuznets Kurveen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwQualifikationen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwTheorieen_US
dc.titleOne or Many Kuznets Curves? : Short and Long Run Effects of the Impact of Skill-Biased Technological Change on Income Inequalityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn392650169en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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