Please use this identifier to cite or link to this item:
Full metadata record
|dc.description.abstract||We draw on a dynamical two-sector model and on a calibration exercise to study the impact of askill-biased technological shock on the growth path and income distribution of a developingeconomy. The model builds on the theoretical framework developed by Silverberg andVerspagen (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 highgrowthsteady state is predictable for those economies starting off with a high enoughendowment of skilled workforce. During the transition phase, if the skill upgrade process for theworkforce is relatively slow, the typical inverse-U Kuznets pattern emerges for income inequalityin the long run. Small scale Kuznets curves, driven by sectoral business cycles, may also bedetected in the short run. Conversely, economies initially suffering from significant skillshortages remain trapped in a low-growth steady state. Although the long-term trend is one ofdecreasing inequality, small-scale Kuznets curves may be detected even in this case, which maycause 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 ofinequality than the one normally used, are also analysed.||en_US|
|dc.relation.ispartofseries|||aProceedings of the German Development Economics Conference, Kiel 2005 / Verein für Socialpolitik, Research Committee Development Economics |x16||en_US|
|dc.subject.keyword||Skill-biased technological change||en_US|
|dc.title||Does Imported Skill-Biased Technological Change Originate None, One or Many Kuznets Curves?||en_US|
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.