|
|
|
|
|
| Binswanger, Hans P.; Yamaguchi, Mitoshi. |
| This paper is an attempt to quantify some interaction effects among capital accumulation, population growth and sectoral technical change in economic development. We tried to find a balance in the difficult trade-off just mentioned. We built a simple dynamic general equilibrium model along neoclassical lines. It is an agricultural-nonagricultural two sector model of a closed economy. Due to its simplicity, causal chains are easily traced. But we do not pretend to capture a complete model of development and recognize that the parameters of the model may change over time, i.e., that there is structural change. Therefore no simulations are performed with the model. Instead, we tried to find parameter values for the model at various stages of the development... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Development. |
| Ano: 1974 |
URL: http://purl.umn.edu/13920 |
| |
|
|
| Yamaguchi, Mitoshi; Binswanger, Hans P.. |
| We constructed a relatively simple dynamic general equilibrium model with an agricultural and a nonagricultural sector along neoclassical lines. The economy is closed, but it is not too difficult to evaluate how the opening of the economy would affect the conclusions. The model relates technical change in the two sectors -- capital accumulation and labor and population growth -- to per capita income, sectoral outputs, allocation of resources, and terms of trade. Instead of simulating with the model we use it to measure the impact of the exogenous variables on the endogenous ones at different stages of the development of Japan, i.e., we trace structural changes in that economy. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 1974 |
URL: http://purl.umn.edu/13278 |
| |
|
|
|
