This paper represents an early attempt to analyze the comprehensive relationship between public educational expenditure and structural change, which is often measured by labor transfer from agricultural sector to industrial sector in developing economies. I construct a two-sector general...

There are two phenomena widely observed when an economy departs from an underdeveloped state and starts rapid economic growth. One is the shift of production, employment, and consumption from the traditional sector to the modern sector, and the other is a large increase in educational levels of...

A growth model with endogenous innovation and accumulation of high-tech and low-tech human capital is developed. The model accounts for a recently established fact about human capital composition, which stated that the richest countries are investing proportionally less than middle income...

A large literature claims that female labor force participation (FLFP) follows a U-shaped trend over the course of economic development. This feminization U hypothesis is motivated by secular patterns of structural change in combination with education and fertility dynamics. We show that...

A mutual link between poverty and environmental degradation is examined in an overlapping generations model with environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth dynamics, whereas wealth distribution determines the...

A mutual link between poverty and environmental degradation is examined in an overlapping generations model with environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth dynamics, whereas wealth distribution determines the...

Structural change can be both, a cause or a consequence of innovation, while structural change and innovations are usually accompanied by short-term outcomes of social inclusion or exclusion. Inclusion may in turn have an impact on further innovations. Yet, we find little evidence in the...

Based on a two-sector model of endogenous growth (Rebelo 1991), where a consumption good and a capital good are produced, this paper analyzes the effect of assuming learning-by-doing in the capital-good sector. The modified model reproduces two patterns of long-run economic development:...

Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering advanced, emerging-market, and low-income countries. Our main finding is that there is indeed...

The objective of this paper was to contribute to a better understanding of Cote d'Ivoire's economic performance since independence in terms of structural transformation and propose ways that could trigger effective structural transformation. After a review of the country's economic performance...