Rada, Codrina; von Arnim, Rudiger - In: Structural Change and Economic Dynamics 23 (2012) 3, pp. 264-275
This paper explores macroeconomic policies that can sustain structural change in China and India. A two-sector open-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of economic activity is calibrated to a 2000 SAM for...