Social Accounting and Welfare Measurement in a Growth Model with Human Capital

В статье рассматривается модель эндогенного роста с человеческим капи-талом на простой пространственной структуре (окружности). Особое вни-мание уделено специальному случаю - комбинации параметров, при кото-рой удаётся получить решение задачи центрального планировщика на окружности в явном виде, что другим авторам не удавалось. In this article the endogenous growth model with human capital on the simple spatial structure (the circle) is considered. We pay main attention to a special case of a combination of parameters for which we were able to solve the central plan-ner problem on the circle in an explicit form, which other authors did not suc-ceed to do.

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Fiscal Policy in an Endogenous Growth Model With Human Capital and Heterogenous Agents

SSRN Electronic Journal ◽

10.2139/ssrn.944490 ◽

2006 ◽

Author(s):

Alfred Greiner

Keyword(s):

Human Capital ◽

Fiscal Policy ◽

Endogenous Growth ◽

Growth Model ◽

Heterogenous Agents ◽

Endogenous Growth Model

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A Human Capital Based Growth Model with Environment and Corruption

Journal of Economic Structures ◽

10.1186/s40008-014-0010-3 ◽

2014 ◽

Vol 3 (1) ◽

Author(s):

Daisuke Ikazaki

Keyword(s):

Human Capital ◽

Growth Model

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A Discrete Heterogeneous-Group Economic Growth Model with Endogenous Leisure Time

Discrete Dynamics in Nature and Society ◽

10.1155/2009/670560 ◽

2009 ◽

Vol 2009 ◽

pp. 1-17

Author(s):

Wei-Bin Zhang

Keyword(s):

Economic Growth ◽

Human Capital ◽

Income Distribution ◽

Growth Model ◽

Time Allocation ◽

Capital Accumulation ◽

Economic Growth Model ◽

National Economic ◽

The Rich ◽

Main Engine

This paper proposes a one-sector multigroup growth model with endogenous labor supply in discrete time. Proposing an alternative approach to behavior of households, we examine the dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. We show how human capital levels, preferences, and labor force of heterogeneous households determine the national economic growth, wealth, and income distribution and time allocation of the groups. By simulation we demonstrate, for instance, that in the three-group economy when the rich group's human capital is improved, all the groups will economically benefit, and the leisure times of all the groups are reduced but when any other group's human capital is improved, the group will economically benefit, the other two groups economically lose, and the leisure times of all the groups are increased.

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Education, Income, Wealth Inequality and Business Cycles in a General Equilibrium Growth Model

Economic Alternatives ◽

10.37075/ea.2020.4.07 ◽

2020 ◽

Vol 26 (4) ◽

Keyword(s):

Economic Growth ◽

Human Capital ◽

Business Cycles ◽

General Equilibrium ◽

Growth Model ◽

Open Economy ◽

Wealth Inequality ◽

Learning By Doing ◽

Government Subsidy ◽

Wealth Inequalities

The paper is concerned with the dynamic interactions between physical capital, human capital, income and wealth inequalities between different households with government subsidy to education. It generalizes the endogenous growth model of a small-open economy proposed by Zhang (2016). Zhang’s paper deals with income and wealth inequalities between heterogeneous households with government subsidy to education. The paper makes a contribution to the literature of economic growth with endogenous education by integrating Solow-Uzawa’s neoclassical growth theory, Uzawa-Lucas model, Arrow’s learning by doing, Zhang’s creative leisure, and Walrasian general equilibrium theory. The model treats endogenous capital and human capital accumulation as the main engines of economic growth. This study generalizes Zhang’s model by allowing constant coefficients to be time-dependent. We simulate the generalized model to demonstrate existence of business cycles due to various exogenous periodic shocks.

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