NDLI: National Education and Global Economic Growth: A Synthesis of the Uzawa–Lucas Two-Sector and the Oniki

Content Provider	Springer Nature Link
Author	Zhang, Wei Bin
Copyright Year	2013
Abstract	This paper deals with issues related to global economic growth with capital accumulation and human capital. The economic system is structurally based on the Solow growth model, the Uzawa–Lucas model with education, and the Oniki–Uzawa trade model. We take account of three ways of accumulating human capital: learning by producing, learning by education, and learning by consuming. The model describes a dynamic interdependence among wealth accumulation, human capital accumulation, division of labor, and international trade. The countries differ in preference (such as propensities to save) and to receive education, human capital utilization, and accumulation efficiency and creativity. First, we show that the dynamics of the J-country world economy is described by 2J differential equations. Then, we simulate the motion of the global economy with three economies. We also examine the effects of changes in the propensity to receive education, efficiency of learning, and the population upon dynamic paths of the system.
Starting Page	905
Ending Page	928
Page Count	24
File Format	PDF
ISSN	18687865
Journal	Journal of the Knowledge Economy
Volume Number	6
Issue Number	4
e-ISSN	18687873
Language	English
Publisher	Springer US
Publisher Date	2013-02-22
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Growth International trade Learning by production Learning by education Learning by consuming Economic Policy R & D/Technology Policy Entrepreneurship
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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