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Income Distribution, Poverty Trap and Economic Growth

Title	Income Distribution, Poverty Trap and Economic Growth
Creator	Creator Name Oyama, Masako Oyama, Masako 大山, 昌子大山, 昌子オオヤマ, マサコオオヤマ, マサコ Affiliation Affiliation Name Hitotsubashi University
Editor	Contributor Name 世代間問題研究プロジェクト（世代間利害調整） = Setting Options for Fair Distribution of Well-being among Different Generations, Project on Intergenerational Equity
Key Word	income distribution
	economic growth
	human capital
	comparative advantage
	learning-by-doing
JEL	O15
	F11
	O41
Abstract	The post-war growth experiences of developing countries lead to the idea that income equality may accelerate economic growth. In this paper, a theoretical model showed the possibility that equality makes a country human-capital abundant, which enables industrialization and higher economic growth. On the other hand, in unequal developing countries where majority of people manage to survive at minimum consumption level, human capital investment such as schooling cannot be done. Such countries become unskilled labor abundant and suffer further from low economic growth. In addition, the two-good framework showed the possibility that protecting infant industry with dynamic externality enhances economic growth.
Publisher	Institute of Economic Research, Hitotsubashi University
Issued Date	2002-08
Language	English(eng)
Resource Type	technical report
Version Type	VoR
Is Part OfRelation -	Related Title Discussion Paper ; No. 106
Relation	Related Identifier URI http://www.ier.hit-u.ac.jp/pie/stage1/Japanese/top.html
NCID	AA11851730
Number of Pages	31
Sponsorship	科学研究費補助金（特定領域研究） = Grant-in-Aid for Scientific Research on Priority Areas
Appears in Collections	Discussion paper / Setting Options for Fair Distribution of Well-being among Different Generations, PIE
URL	https://hdl.handle.net/10086/14431

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