The name is absent



h

bt+1 = (1 i °) qK (1 i °t) i i (x i bt)


bt2 (0;h)


' °t ∙ °e;nq


(7)


This equation and the correspondingfunction is parametrized tothe en-
trepreneurs evel Cftechnical ine£ dency sincethatis a pureentrepreneurial
quality.

Finaiy a cμaii...ed entrepreneur's Ciyrasty accumulates wealth according
tCthe fCllCwingequatiCn:

bt 2 (h; x)
0 ∙ °t ∙ ° e


°e;q

(8)


h

bt+1 = (1 i °) qK(1 i°t + h)  ii(x  ibt + h)

A lsCin this case each functiCn is parametrized tCa speci.clevelCftech-
nical in∈¢d∈rcy.

T he eccncmys structural parameters determine diπ erent long- run sce-
narios (see .cures 1 ). Each scenario corresponds to diπ erent Cccupationial
structure ofthe population in each generation.

T he transmission mechanism Oftechnical ine¢dency ...naly a3ects the
evolution ofthe distribution ofincome and wealth and the evolution ofthe
occupationalstructure ofthe population.

11



More intriguing information

1. INSTITUTIONS AND PRICE TRANSMISSION IN THE VIETNAMESE HOG MARKET
2. On Dictatorship, Economic Development and Stability
3. A Multimodal Framework for Computer Mediated Learning: The Reshaping of Curriculum Knowledge and Learning
4. The name is absent
5. Impacts of Tourism and Fiscal Expenditure on Remote Islands in Japan: A Panel Data Analysis
6. Sex-gender-sexuality: how sex, gender, and sexuality constellations are constituted in secondary schools
7. From Aurora Borealis to Carpathians. Searching the Road to Regional and Rural Development
8. Who’s afraid of critical race theory in education? a reply to Mike Cole’s ‘The color-line and the class struggle’
9. The name is absent
10. Legal Minimum Wages and the Wages of Formal and Informal Sector Workers in Costa Rica