A Simple Theory on the Effects of Industrialization∗
نویسنده
چکیده
Historically, industrialization has been associated with falling relative returns to skills. This fact is at odds with most unified theories of industrialization, which tend to imply rising skill premia as natural concomitants to economic growth. This paper develops a very simple model of historical growth to help solve this puzzle. Assuming that human capital is both a consumption good and an investment good, the model demonstrates how gradually rising investments in human capital, non-monotonic fertility rates, and falling skill premia can all be explained within one theory. •
منابع مشابه
Assessing eco environmental effects of mining extractive industries on the sustainability of rural areas Case: villages surrounding Zanjan cement factory
Introduction Rural industrialization has been greatly discussed by researchers in recent studies of rural planning and development. It is due to its positive effects of economic, social and infrastructural factors. Moreover, researches are looking for ways to analyzed approaches to reduce harmful environmental impacts of industrial projects, as destructive life factors of geographical territ...
متن کاملOn the Buckling Response of Axially Pressurized Nanotubes Based on a Novel Nonlocal Beam Theory
In the present study, the buckling analysis of single-walled carbon nanotubes (SWCNT) on the basis of a new refined beam theory is analyzed. The SWCNT is modeled as an elastic beam subjected to unidirectional compressive loads. To achieve this aim, the new proposed beam theory has only one unknown variable which leads to one equation similar to Euler beam theory and is also free from any shear ...
متن کاملبررسی اثر شهرنشینی بر توزیع درآمد در ایران با تأکید بر نظریه کوزنتس
Theoretical bases and previous studies hold that lots of factors including inflation rate, tax revenue, urbanization growth, economic growth and other variables influence on income distribution. Increasing rate of urbanization in recent decades and the importance attached to the socioeconomic aspects of income distribution make it imperative to survey the effects of urbanization on income distr...
متن کاملDynamic Response of an Axially Moving Viscoelastic Timoshenko Beam
In this paper, the dynamic response of an axially moving viscoelastic beam with simple supports is calculated analytically based on Timoshenko theory. The beam material property is separated to shear and bulk effects. It is assumed that the beam is incompressible in bulk and viscoelastic in shear, which obeys the standard linear model with the material time derivative. The axial speed is charac...
متن کاملThe Effects of Price Elasticity Dynamics on a Firm’s Profit
This paper studies the dynamic behavior of price elasticity and its effects on the overall profit. Although price elasticity has a significant effect on sales, its dynamics have not been examined so far in pricing models. In this paper, a simple pricing model is suggested in which, price elasticity is considered dynamic. The suggested pricing model is concerned with a monopolist that its object...
متن کامل