Bounded learning by doing, inequality, and multi-sector growth: A middle-class perspective.
| dc.audience | Policymakers | eng |
| dc.audience | Researchers | eng |
| dc.audience | Students | eng |
| dc.audience | Teachers | eng |
| dc.contributor.institucion | Universidad del Rosario | spa |
| dc.coverage.ciudad | Bogotá | spa |
| dc.creator | Desdoigts, Alain | spa |
| dc.creator | Jaramillo, Fernando | spa |
| dc.date.accessioned | 2018-10-02T19:58:07Z | spa |
| dc.date.available | 2018-10-02T19:58:07Z | spa |
| dc.date.created | 2018-07 | spa |
| dc.date.issued | 2018-07 | spa |
| dc.description.abstract | This study presents a multisector model of middle-class-led economic growth, whereby, on the one hand, the middle class plays a key role in determining technical progress, while, on the other hand, both its size and income share are the result of past economic growth. Learn- ing by doing, which is assumed to be sector-speci c, bounded from above, and constrained by a minimum scale restriction, is the primary source of productivity gains. The emphasis is then placed on the entire income distribution, which a¤ects the composition of demand -span of goods consumed- and in turn, the speed and the extent of the learning process in the set of goods produced. The model exhibits an inverted-U relationship between inequality and economic growth, which re ects the following trade-o¤: An economy cannot learn both quickly and simultaneously in a wide range of sectors. It is constrained in this respect by its income/skill distribution and the size of its labor force, with consequences on growth-enhancing strategies by means of income redistributions. | eng |
| dc.format.extent | 40 páginas : gráficas, tablas | spa |
| dc.format.mimetype | eng | |
| dc.identifier.uri | http://repositorio.redinvestigadores.org/handle/Riec/11 | spa |
| dc.language.iso | eng | eng |
| dc.relation.ispartof | Documentos de Trabajo | spa |
| dc.relation.number | No. 4 | spa |
| dc.relation.repec | https://ideas.repec.org/p/rie/riecdt/4.html | spa |
| dc.rights.accessRights | Open Access | eng |
| dc.rights.cc | Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 | spa |
| dc.rights.spa | Acceso abierto | spa |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | eng |
| dc.subject | Aprender haciendo | spa |
| dc.subject | Consumo dirigido por la clase media | spa |
| dc.subject | Desigualdad | spa |
| dc.subject | Crecimiento multisectorial | spa |
| dc.subject | Redistribución de ingresos | spa |
| dc.subject.jel | D31 - Personal Income, Wealth, and Their Distributions | eng |
| dc.subject.jel | L16 - Industrial Organization and Macroeconomics; Industrial Structure and Structural Change; Industrial Price Indices | eng |
| dc.subject.jel | O33 - Technological Change: Choices and Consequences; Diffusion Processes | eng |
| dc.subject.jel | O40 - Economic Growth and Aggregate Productivity: General | eng |
| dc.subject.jelspa | D31 - Renta personal, riqueza y sus distribuciones | spa |
| dc.subject.jelspa | L16 - Organización industrial y macroeconomía; Estructura industrial y transformacion estructural; Índices de precios industriales | spa |
| dc.subject.jelspa | O33 - Cambio tecnológico: opciones y consecuencias; Difusión | spa |
| dc.subject.jelspa | O40 - Crecimiento económico y productividad agregada: Generalidades | spa |
| dc.subject.keyword | Learning by doing | eng |
| dc.subject.keyword | Middle-class-led consumption | eng |
| dc.subject.keyword | Inequality | eng |
| dc.subject.keyword | Multi-sector growth | eng |
| dc.subject.keyword | Income redistribution | eng |
| dc.subject.lemb | Crecimiento económico | spa |
| dc.subject.lemb | Macroeconomía | spa |
| dc.subject.lemb | Transformación económica | spa |
| dc.subject.lemb | Desarrollo industrial | spa |
| dc.title | Bounded learning by doing, inequality, and multi-sector growth: A middle-class perspective. | eng |
| dc.type | Working Paper | eng |
| dc.type.hasversion | Published Version | eng |
| dc.type.spa | Documentos de Trabajo | spa |
