quantitative implications for structural transformation, investment, and growth. Indeed, analyzing the dynamics along the STraP, we … balanced growth path (BGP) analysis. This paper develops a dynamic equilibrium concept for a more general class of models - an … show that the modern dynamic model of structural transformation makes progress over the Neoclassical growth model in …

-sector extension of the one-sector growth model that encompasses the main existing theories of structural transformation. We argue that …