The paper aims to account for the empirical stylised facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro-founded structural change is developed, which formalises the role of...

The paper develops a growth model with evolutionary microfounded structural change. The model endogenises both technical change and changes in final and intermediate demand as affecting macro-economic growth, through the structural change of the economy. The aim is to formally account for the...

The paper provides fresh empirical evidence on the relative role of changes in final and intermediate demand as affecting the changes in the sectoral structure of advanced economies. These latter have led, over the last three decades, to the massive growth of service sectors. The paper draws...

The German real estate and construction industry is facing a transformation, triggered by fundamental changes in technology, the economy and society. The purpose of this paper is to explore how these changes exert pressure to adapt on existing business models, while also offering opportunities...

In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed...

Aufgrund des Strukturwandels, der viele Lebensbereiche betrifft, drängt sich der Vergleich in der individuellen Betrachtung der Wirkung von Projekten auf. Dazu wird zur Schaffung einer Vergleichbarkeit ein quantitativer Maßstab eingesetzt, um Nachhaltigkeitsaspekte zu evaluieren und somit...

Mit dem Ausstieg aus der Braunkohle steht das Rheinische Revier am Anfang eines Jahrzehnte dauernden Transformationsprozesses. Strukturmittel von fast 15 Milliarden Euro sollen in Form von Projektförderung bis 2038 vergeben werden. Grundlage dafür ist das Wirtschafts- und Strukturprogramm...

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

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...