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Traditional structural change theories study the dynamics of inter-sector labour-reallocation in autarky models. We analyse how model-results change if open economy setting is assumed, where we focus on the impacts of intermediate trade in a multi-sector growth model with capital accumulation....
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This paper is devoted to the study of structural dynamics. The focus is on labor-allocation-dynamics in a tree-sector-economy. However, our approach can be applied to other types of structural change (e.g. income-distribution-dynamics). In contrast to the previous literature our assumptions are...
Persistent link: https://www.econbiz.de/10013074742
The mathematical literature has developed a large pool of topological concepts and theorems for dynamic systems analysis. The aim of our paper is to make a first step towards the application of these concepts and theorems in the analysis of (long-run) structural change (in the three-sector...
Persistent link: https://www.econbiz.de/10012944048
Recent growth literature studies structural change in relatively specific three-sector growth models with a focus on the agriculture-manufacturing-services structure. In this paper we take another approach for studying this structural change. By using only few axioms on the properties of...
Persistent link: https://www.econbiz.de/10013050407
We propose a model for studying the dynamics of economic structures. The model is based on qualitative information regarding structural dynamics, in particular, (a) the information on the geometrical properties of trajectories (and their domains) which are studied in structural change theory and...
Persistent link: https://www.econbiz.de/10013056759
Structural change is a relatively simple (continuous) process having restricted limit-properties. All processes which can be classified as "structural change" inherit these limit-properties. Limit-properties of processes play an important role in neoclassical growth theory. We show that (i) many...
Persistent link: https://www.econbiz.de/10013058068