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首页> 外文期刊>Journal of Economic Growth >Reconciling Kuznets and Habbakuk in a unified growth theory
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Reconciling Kuznets and Habbakuk in a unified growth theory

机译:用统一的增长理论调和库兹涅茨和哈巴库克

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摘要

Economic historians have debated the relative labor productivity of the United States agricultural and nonagricultural sectors during the nineteenth century. David (Discussion papers in economic and social history, University of Oxford, 1996) offers a reconciliation of the opposing views by suggesting that while productivity per hour worked in agriculture was comparable to productivity in other sectors, the number of hours worked per year was relatively low, creating a large gap in annual output per worker across sectors. We model and extend a version of Davis’s reconciliation within a unified growth theory that makes connections between the decline in traditional agriculture and several other features of United States development. The dynamic general equilibrium model is consistent with the structural transformation having minor direct and indirect effects on aggregate labor productivity per hour, but substantial effects on aggregate labor productivity per worker. The model also provides a close match to the trends in schooling, fertility, rates of return to physical capital, and labor productivity growth in the nineteenth century.
机译:经济史学家一直在争论19世纪美国农业和非农业部门的相对劳动生产率。 David(牛津大学经济和社会历史讨论论文,1996年)提出了反对意见,认为尽管每小时农业生产的生产率可与其他部门的生产率相提并论,但每年的工作小时数却相对较高较低,跨部门的人均年产值差距很大。我们在统一的增长理论中对戴维斯和解的一个版本进行建模和扩展,该理论将传统农业的衰退与美国发展的其他几个特征联系起来。动态一般均衡模型与结构转换相一致,该结构转换对每小时的总劳动生产率具有较小的直接和间接影响,但对每个工人的总劳动生产率具有实质性影响。该模型还与19世纪学校教育,生育率,有形资本的回报率和劳动生产率的增长趋势紧密匹配。

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