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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2023.3
- 수록면
- 31 - 57 (27page)
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This study investigates the relationships between long-run growth, education, and “industriousness” using an extended Uzawa-Lucas model with labor-leisure choice, where “industriousness” is captured by the propensity for labor-leisure choice. The extension describes shifts from economic stagnation to long-run economic growth through the structural change of “industriousness,” a growth path within the de Vries’ “industrious revolution.” A domain that generates multiple steady states exists in the middle range of the industriousness parameter, implying the existence of middle-income traps. Although the range is narrow, it can be broadened by, for example, higher population growth.
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