ダウンロード数: 260
タイトル: | Capital Accumulation and Structural Change in a Small-Open Economy |
著者: | Hu, Yunfang Mino, Kazuo |
キーワード: | Structural change Small-open economy Trade Pattern Three-sector model Non-homothetic preferences |
発行日: | Aug-2014 |
出版者: | Institute of Economic Research, Kyoto University |
誌名: | KIER Discussion Paper |
巻: | 900 |
抄録: | This paper explores the relation between capital accumulation and transformation of industrial structure in a small open-economy. Using a three-sector, neoclassical growth model with non-homothetic preferences, we examine dynamic behavior of the small country in the alternative trade regimes. We show that capital accumulation plays a leading role in the process of structural transformation. It is also revealed that the trade pattern significantly affects structural change. We demonstrate that our model can mimic a typical pattern of change in industrial structure that has been observed in many developed economies. |
URI: | http://hdl.handle.net/2433/189442 |
出現コレクション: | KIER Discussion Paper (英文版) |
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