Social Stratification and Economic Growth Driven by Innovation
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| Title | Social Stratification and Economic Growth Driven by Innovation
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| Author | Shao Yihang,,Zhang Zhaoyang,Liu Yanan and Liu Xiahui |
| Organization | Xiamen University；Zhejiang University of Finance & Economics；Fuzhou University； Chinese Academy of Social Sciences, Institute of Economics |
| Email | shaoyh@xmu.edu.cn；zhangzhy@zufe.edu.cn；liuyn@xmu.edu.cn；liu_xh@ cass.org.cn |
| Key Words | Occupational Stratification; Economic Growth; Innovation |
| Abstract | In the history of thoughts, the influence of social factors on the economic development has received great attention. Research on supply-side structural reform in China from the perspective of economics and sociology also require our concern for the effect of social structure on economic growth. This paper tries to analyze the impact of social stratification on economic growth. In modern growth theory, the crucial role of innovation has been proved both theoretically and empirically. From the perspective of social stratification, the differences between the professional class formed by the innovation groups and other professional classes may have an impact on innovation, and then on growth. Based on the R&D endogenous growth model, introducing occupational stratification, which is a key element of modern social structure, we build a theoretical model to show how occupational stratification structure affects innovational human capital, and leads to a decline in growth. However, this effect can vary with different innovation efficiency. Besides, different influence of the civil service selection system in the condition of occupational stratification on economic growth can also be explained. Subsequent empirical study confirms the theoretical conclusion. Finally, we briefly discuss the practical implications of this paper. |
| Serial Number | WP1269 |
| Time | 2018-04-10 |
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