Global Business Cycles with Real Shocks in a General Equilibrium Trade Model with Endogenous Human Capital
This paper generalizes the dynamic economic model of heterogeneous households built by Zhang (2015). The model tries to provide insights into the economic mechanisms of how the richest one per cent of the global population own 50% of the global wealth. It explains inequality in a purely competitive...
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| Format: | Article |
| Language: | English |
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Editura Sitech
2017-12-01
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| Series: | Social Sciences and Education Research Review |
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| Online Access: | http://sserr.ro/wp-content/uploads/2017/12/4-2-6-41.pdf |