Chyi, Yih-Luan; Hwang, Chun-Sin - In: Economic Modelling 28 (2011) 1-2, pp. 374-381
Constructing a model of structural change with household production, this paper finds two equilibrium paths: one path leads to a low-income steady state and the other to a high-income steady state. This paper shows that as long as the relative marginal productivity of manufactured goods in...
