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Structural Change and the Kaldor Facts of Economic Growth
Foellmi, Reto; Zweimüller, Josef - 2002
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10010262779
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Structural change in a multi-sector model of growth
Ngai, L. Rachel; Pissarides, Christopher A. - 2005
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 balanced aggregate growth. The conditions are weak restrictions on the utility...
Persistent link: https://www.econbiz.de/10010267622
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Jobless growth through creative destruction: Ireland's industrial development path 1972 - 2003
Li, Qi; Walsh, Patrick Paul; Whelan, Ciara - 2007
We document the nature of structural changes in employment to understand jobless growth in Irish Manufacturing in the aftermath of EEC/EU membership, 1972-2003. By 1972, forty years of protectionism and fifteen years of export promotion induced the coexistence of large exporting plants with...
Persistent link: https://www.econbiz.de/10010268324
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The farm, the city, and the emergence of social security
Caucutt, Elizabeth M.; Cooley, Thomas F.; Guner, Nezih - 2008
social insurance. We describe a model economy in which demographics, technology, and social security are linked together. We … study an economy with two locations (sectors), the farm (agricultural) and the city (industrial). The decision to migrate … economy is consistent with the historical transformation in the United States. Initially a majority of voters live on the farm …
Persistent link: https://www.econbiz.de/10010268612
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Structural change out of agriculture: labor push versus labor pull
Alvarez-Cuadrado, Francisco; Poschke, Markus - 2009
The process of economic development is characterized by substantial rural-urban migrations and a decreasing share of agriculture in output and employment. The literature highlights two main engines behind this process of structural change: (i) improvements in agricultural technology combined...
Persistent link: https://www.econbiz.de/10010269344
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Benchmarking Structural Change in Transition
Raiser, Martin; Schaffer, Mark E.; Schuchhardt, Johannes - 2003
The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involves fundamental shifts in the allocation of resources and deep changes in the structure of production and employment. This paper uses a simple model of economic...
Persistent link: https://www.econbiz.de/10010276430
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Trends in hours and economic growth
Ngai, L. Rachel; Pissarides, Christopher A. - 2007
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10010267775
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Immigration and structural change: Evidence from post-war Germany
Braun, Sebastian; Kvasnicka, Michael - 2012
simple two-sector model of the economy, in which moving costs prevent the marginal product of labor to be equalized across …
Persistent link: https://www.econbiz.de/10010283988
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A call for comparative research: Consequences of a rising income inequality for state activities
Neubäumer, Renate - 2011
The aim of this discussion paper is not only to activate a debate over the interrelation between rising income inequality and economic policy measures but also to initiate comparative research in several European countries and North America. It discusses the consequences of a rising income...
Persistent link: https://www.econbiz.de/10010278315
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Economic history or history of economics? A review essay on Sylvia Nasar's Grand Pursuit: The story of economic genius
Ashenfelter, Orley - 2011
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...
Persistent link: https://www.econbiz.de/10010282450