Essays on inequality, education, trade and endogenous growth
Inequality grew substantially not only in many developed countries during the 1980s and 1990s, but also in most developing countries. Across developing and emerging economies, the growth in inequality was more severe in Latin America and Africa compared with many East Asian countries. The diverse patterns of income inequality motivate my research, which reveals the important forces underlying the dynamics of inequality. In a general equilibrium, endogenous growth model, I show trade liberalization for a developing country with a low (high) quality of education induces a growth (reduction) of within country inequality during the dynamic transition. Moreover, trade liberalization leads to significantly stronger convergence in terms of per capita output when the quality of education is high in the developing country. Using large set of developed and developing countries, I then provide empirical evidence that echnological progress increases the growth of inequality more in countries with a low quality of education. Taken together, this research shows the interaction between technological change and educational quality emerges as a principal determinant of the growth of inequality.
Year of publication: |
2010-07-22
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Authors: | Hall, Joshua Dennis |
Subject: | Income distribution | Developed countries | Economic conditions |
Saved in:
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