Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2004
We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient … conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and constant aggregate growth … calibrate the historical shift from agriculture to manufacturing and services. We show quantitatively that reaonsable deviations …