Hori, Takeo; Ikefuji, Masako; Mino, Kazuo - Institute of Social and Economic Research (ISER), Osaka … - 2011
We study structural change in a simple, two-sector endogenous growth model and show that the presence of commodity-specific consumption externalities can be a source of structural change. When the degrees of consumption externalities are different between different goods, the two sectors grow at...
