Showing 1 - 10 of 28
Different goods are produced by different sectors in an economy. The fact that sectors use different production technologies is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a theoretical...
Persistent link: https://www.econbiz.de/10015228480
Population-ageing is one of the traditional topics of development and growth theory and a key challenge to most modern societies. We focus on the following aspect: Population-ageing is associated with changes in demand-structure, since demand-patterns change with increasing age. This process...
Persistent link: https://www.econbiz.de/10015230836
The Kuznets-Kaldor stylized facts are one of the most striking empirical regularities of the development process in industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This implies...
Persistent link: https://www.econbiz.de/10015230933
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....
Persistent link: https://www.econbiz.de/10015233438
The Kuznets-Kaldor stylized facts are one of the most striking empirical observations about the development process in the industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This...
Persistent link: https://www.econbiz.de/10010270114
Different goods are produced by different sectors in an economy. The fact that sectors use different production technologies is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a theoretical...
Persistent link: https://www.econbiz.de/10010305942
We formulate economic laws of long-run labor re-allocation across agriculture, manufacturing, and services based on empirical evidence and derive the implications of these laws for the future (transitional and limit) labor allocation dynamics in developed and developing countries. Our approach...
Persistent link: https://www.econbiz.de/10015253842
We formulate economic laws of long-run labor re-allocation across agriculture, manufacturing, and services based on empirical evidence and derive the implications of these laws for the future (transitional and limit) labor allocation dynamics in developed and developing countries. Our approach...
Persistent link: https://www.econbiz.de/10015253847
Structural change is associated with high costs for the economy and the society ranging from environmental pollution to unemployment. We focus on the three-sector framework (related to agriculture, manufacturing and services) and assume that the structural change costs increase with the strength...
Persistent link: https://www.econbiz.de/10015254949
Recent literature studies structural change and aggregate dynamics in neoclassical multi-sector growth models. A central aspect of this literature is the explanation of Kaldor-Kuznets-stylized-facts , which state that massive structural change takes place while aggregate-dynamics are relatively...
Persistent link: https://www.econbiz.de/10011301500