Herrendorf, Berthold; Rogerson, Richard; ?kos Valentinyi - In: American Economic Review 103 (2013) 7, pp. 2752-89
We assess the empirical importance of changes in income and relative prices for structural transformation in the postwar United States. We explain two natural approaches to the data: sectors may be categories of final expenditure or value added; e.g., the service sector may be the final expenditure...