How Do the Richest 1% Owns 50% of Wealth in a Small-Open Growth Model with Endogenous Wealth and Human Capital
This paper extends the growth model for a closed national economy by Zhang (2015) to a small-open economy. We attempt to explain some economic mechanisms of how the richest one per cent of the population own 50% of national wealth. We consider endogenous wealth and human capital accumulation by hete...
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| Format: | Article |
| Language: | English |
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Academicus
2017-01-01
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| Series: | Academicus International Scientific Journal |
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| Online Access: |
http://www.academicus.edu.al/nr15/Academicus-MMXVII-15-058-079.pdf
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