Fukao, Kyoji; Paul, Saumik - 2019
-output framework that decomposes the reallocation of the total output across sectors into two components: the Engel effect (demand side … years (1885 to 1985). The results show that the Engel effect was the key explanatory factor in more than 60% of the sector … the demand-side explanations. The Engel effect was found to be the strongest in the commerce and services sector, which …