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Article: Monopoly, human capital accumulation and development

TitleMonopoly, human capital accumulation and development
Authors
Tse, CY
KeywordsDevelopment
Labor market distortions
Monopoly
Issue Date2000
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec
Citation
Journal Of Development Economics, 2000, v. 61 n. 1, p. 137-174 How to Cite?
DOI: http://dx.doi.org/10.1016/S0304-3878(99)00064-4
AbstractMonopoly is an important barrier to development for it restricts the mobility of workers. This gives rise to specificity problem and consequently weakens workers' incentives to invest in human capital. In a two-sector general equilibrium model calibrated to the facts about the labor market, I find that in the long run, GDP can rise by about 2.6 times if these distortions are removed even if the monopoly markup and the degree of specificity are set at modest levels. (C) 2000 Elsevier Science B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85685
ISSN
0304-3878
2021 Impact Factor: 4.277
2020 SCImago Journal Rankings: 3.588
ISI Accession Number ID
WOS:000085452000006
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:08:00Z-
dc.date.available2010-09-06T09:08:00Z-
dc.date.issued2000en_HK
dc.identifier.citationJournal Of Development Economics, 2000, v. 61 n. 1, p. 137-174en_HK
dc.identifier.issn0304-3878en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85685-
dc.description.abstractMonopoly is an important barrier to development for it restricts the mobility of workers. This gives rise to specificity problem and consequently weakens workers' incentives to invest in human capital. In a two-sector general equilibrium model calibrated to the facts about the labor market, I find that in the long run, GDP can rise by about 2.6 times if these distortions are removed even if the monopoly markup and the degree of specificity are set at modest levels. (C) 2000 Elsevier Science B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devecen_HK
dc.relation.ispartofJournal of Development Economicsen_HK
dc.rightsJournal of Development Economics. Copyright © Elsevier BV.en_HK
dc.subjectDevelopmenten_HK
dc.subjectLabor market distortionsen_HK
dc.subjectMonopolyen_HK
dc.titleMonopoly, human capital accumulation and developmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-3878&volume=61&spage=137&epage=174&date=2000&atitle=Monopoly,+human+capital+accumulation+and+developmenten_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0304-3878(99)00064-4en_HK
dc.identifier.scopuseid_2-s2.0-0034065214en_HK
dc.identifier.hkuros52553en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0034065214&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume61en_HK
dc.identifier.issue1en_HK
dc.identifier.spage137en_HK
dc.identifier.epage174en_HK
dc.identifier.isiWOS:000085452000006-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK
dc.identifier.issnl0304-3878-

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