Construct · 1 fields · 1 citations

Galor-Zeira model: a standalone construct

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Development economics

model in which credit-market imperfections and indivisible investment in human capital let the initial wealth distribution shape long-run income and growth.

In development economics, Galor-Zeira model refers to model in which credit-market imperfections and indivisible investment in human capital let the initial wealth distribution shape long-run income and growth. This meaning comes from Galor (1993) in The Review of Economic Studies.[1]

Unit
Recovery means
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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructs development1 fields · 2 citationsanchor · a standalone construct distribution2 fields · 2 citationsjingle · one word, two constructs

References

Galor, O., & Zeira, J. (1993). Income Distribution and Macroeconomics. The Review of Economic Studies, 60(1), 35. https://doi.org/10.2307/2297811

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