Can Traditional Theories of Structural Change Fit The Data?
نویسندگان
چکیده
منابع مشابه
Can Traditional Theories of Structural Change Fit the Data?
Two traditional explanations for structural changes are sector-biased technological progress and non-homothetic preferences. This paper integrates both into an otherwise standard growth model and quantitatively evaluates them vis-a-vis time series. The exercise identifies a set of puzzles for standard theories: (i) the model cannot account for the steep decline in manufacturing and rise in serv...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2009
ISSN: 1542-4766,1542-4774
DOI: 10.1162/jeea.2009.7.2-3.469