The DOI matches its Crossref record; 72 of the 72 references it cites were found in a registry or an index.
From Physical to Human Capital Accumulation: Inequality and the Process of Development
Abstract
This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the growth process was reversed in this process. In early stages of the Industrial Revolution, when physical capital accumulation was the prime source of growth, inequality stimulated development by channelling resources towards individuals with a higher propensity to save. As human capital emerged as a growth engine, equality alleviated adverse effects of credit constraints on human capital accumulation, stimulating the growth process.
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Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Economic Development with Unlimited Supplies of Labour
LEWIS, W. A. (1954) · The Manchester School · doi:10.1111/j.1467-9957.1954.tb00021.x · Cited by 10,753
(2013) · American Economic Review · doi:10.1257/aer.103.2.i · Cited by 8,218
Economic Growth and Income Inequality
Kuznets, S. (2019) · The Gap between Rich and Poor · doi:10.4324/9780429311208-4 · Cited by 8,064
Distributive Politics and Economic Growth
Alesina, A., & Rodrik, D. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118470 · Cited by 4,406
Clausulas comparativas do portugues
Romualdo, J. D. A. (1975) · LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas) · Cited by 4,339
Occupational Choice and the Process of Development
Banerjee, A. V., & Newman, A. F. (1993) · Journal of Political Economy · doi:10.1086/261876 · Cited by 3,087
Inequality and Growth in a Panel of Countries
Barro, R. J. (2000) · Journal of Economic Growth · doi:10.1023/a:1009850119329 · Cited by 2,676
Is Inequality Harmful for GrowthPreprint
Persson, T., & Tabellini, G. (1993) · RePEc: Research Papers in Economics · Cited by 2,648
Dollar, D., & Kraay, A. (2002) · Journal of Economic Growth · doi:10.1023/a:1020139631000 · Cited by 2,395
Cited by
Finance, inequality and the poor
Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007) · Journal of Economic Growth · doi:10.1007/s10887-007-9010-6 · Cited by 2,377
Galor, O., & Weil, D. N. (2000) · American Economic Review · doi:10.1257/aer.90.4.806 · Cited by 2,319
Self-citationArcand, J. L., Berkes, E., & Panizza, U. (2015) · Journal of Economic Growth · doi:10.1007/s10887-015-9115-2 · Cited by 1,136
GALOR, O., MOAV, O., & VOLLRATH, D. (2009) · Review of Economic Studies · doi:10.1111/j.1467-937x.2008.00506.x · Cited by 746
Self-citationInequality, ICT and financial access in Africa
Tchamyou, V. S., Erreygers, G., & Cassimon, D. (2019) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2018.11.004 · Cited by 653
Metadata
- Authors
- Galor, O., & Moav, O.
- Venue
- Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2004-12
- Volume
- 71
- Issue
- 4
- Pages
- 1001-1026
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W3125133634
- Cited by
- 1,317
- References
- 72
- FWCI
- 75.86
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
