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This paper provides a theoretical framework and some empirical information on the shift from industrialization to de-industrialization which typically occurs in the course of economic growth. It is suggested that such a non-monotonic structural change is caused by a diminishing productivity bias...
Persistent link: https://www.econbiz.de/10010314402
Persistent link: https://www.econbiz.de/10001046499
This paper provides a theoretical framework and some empirical information on the shift from industrialization to de-industrialization which typically occurs in the course of economic growth. It is suggested that such a non-monotonic structural change is caused by a diminishing productivity bias...
Persistent link: https://www.econbiz.de/10009664810