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The rise of the service economy has been the predominant pattern of structural change in the twentieth century. This article investigates the driving forces behind the recent stages of this development. Focusing on international input - output data from the early 1970s to the 1990s, a...
Persistent link: https://www.econbiz.de/10011435074
This paper investigates the sources of structural change in the Brazilian economy in the 2000s. On that purpose, it uses the input-output structural decomposition analysis and introduces a method to correct the influence of prices on the time behavior of the technical coefficients, making them...
Persistent link: https://www.econbiz.de/10010330618
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...
Persistent link: https://www.econbiz.de/10010328508
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...
Persistent link: https://www.econbiz.de/10010328562
Many economic models (e.g., computable general equilibrium models, econometric input-output models) revolve around a matrix of technical coefficients. However, these matrices can be estimated only once every 5 years as long as they are calculated from input-output tables and these are only...
Persistent link: https://www.econbiz.de/10011552000
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...
Persistent link: https://www.econbiz.de/10010325831
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...
Persistent link: https://www.econbiz.de/10011605265
development. Estimation and analysis with German data for the period 1850-2001 show that this model is quite capable to replicate …
Persistent link: https://www.econbiz.de/10010263864
employment shares or in terms of real value added shares. Estimation and analysis with annual data of seven OECD countries …
Persistent link: https://www.econbiz.de/10010266660
evolution of comparative advantage using a detailed trade data set and a new analytical tool: the harmonic (weighted) mass index …
Persistent link: https://www.econbiz.de/10010270555