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Title: |
Technological Progress, Income Distribution, and the Explanation of Some
Stylized Facts of Economic Growth |
| Author: |
Rapanos,
Vassilis T. |
| Author
Affiliation: |
Permanent Greek
Delegation to OECD |
| Source: |
International Economic Journal, Summer 1991, v. 5, no. 2, pp. 39-47 |
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Publication Date: |
Summer 1991 |
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Abstract: |
This paper examines the effects of
technological progress in the framework of a specific-factor variant of
the "dependent economy" model. We analyze, first, the effects of
technological progress on income distribution, and secondly, its effects
on commodity prices, and the structure of production. Our model predicts
that, services ust be more expensive in the country with higher per
capita GDP, and that labor productivity in manufactures is positively
associated with the per capita income, etc. The model can also explain
several other stylized facts of economic growth. |
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