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Long-Run Sectoral Development - Time Series Evidence for the German Economy
Dietrich, Andreas; Krüger, Jens J. - Wirtschaftswissenschaftliche Fakultät, … - 2008
In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of...
Persistent link: https://www.econbiz.de/10005090565
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Evolutionary Micro-dynamics and Changes in the Economic Structure
Lorentz, André; Savona, Maria - Volkswirtschaft Abteilung, Fachbereich … - 2007
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...
Persistent link: https://www.econbiz.de/10005765349
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The Effect of Demand-Driven Structural Transformations on Growth and Technological Change
Lorentz, Andre; Ciarli, Tommaso; Savona, Maria; … - Science and Technology Policy Research (SPRU), School … - 2015
The paper analyses the effect of the dynamics of consumption preferences on the dynamics of macro–economic growth. We endogenously derive micro–dynamics of consumption behaviour as a result of the increase in the number of income classes. The different degrees of inertia in the adjustment of...
Persistent link: https://www.econbiz.de/10011171809
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Does Growth Cause Structural Change, or Is it the Other Way Round? A Dynamic Panel Data Analyses for Seven OECD Countries
Dietrich, Andreas - Wirtschaftswissenschaftliche Fakultät, … - 2009
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...
Persistent link: https://www.econbiz.de/10005012077
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Urbanization with and without Industrialization
Jedwab, Remi; Gollin, Douglas; Vollrath, Dietrich - Institute for International Economic Policy (IIEP), … - 2014
Many theories link urbanization with industrialization; in partic- ular, with the production of tradable (and typically …
Persistent link: https://www.econbiz.de/10010836355
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Urbanization with and without Industrialization
Vollrath, Dietrich; Gollin, Douglas; Jedwab, Remi - Department of Economics, University of Houston - 2013
Many theories link urbanization with industrialization; in particular, with the production of tradable (and typically … manufactured) goods. We document that the expected relationship between urbanization and the level of industrialization is not …
Persistent link: https://www.econbiz.de/10010700737
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"Trade, Reform, And Structural Transformation in South Korea"
Betts, Caroline; Giri, Rahul; Verma, Rubina - Volkswirtschaftliche Fakultät, … - 2013
quantify the impact of international trade and trade reform for industrialization. The model features Arming- ton motivated …
Persistent link: https://www.econbiz.de/10011258875
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Must improved labor standards hurt accumulation in the targeted sector? Stylized analysis of a developing economy
Razmi, Arslan - In: Structural Change and Economic Dynamics 22 (2011) 4, pp. 299-312
This paper analyzes a stylized small open economy that consists of two tradable output-producing sectors: a manufacturing sector and a (mainly tourism-related) services sector. Assuming sectoral differences based on stylized facts, we explore the impact of higher labor standards in the...
Persistent link: https://www.econbiz.de/10010573249
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Outsourcing and the Rise in Services
Berlingieri, Giuseppe - Centre for Economic Performance, LSE - 2013
This paper investigates the impact of outsourcing on sectoral reallocation in the U.S. over the period 1948-2002. Roughly 40% of the growth of the service sector comes from professional and business services. This is an unusual industry as more than 90% of its output is an intermediate input to...
Persistent link: https://www.econbiz.de/10010945147
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Prices and the impact of the industry in the economic growth: the cases of England (1770-1840) and Colombia (1923-1998)
Posada, Carlos Esteban; Trujillo, Edgar - In: Lecturas de Economía (2008) 69, pp. 163-200
The industrial development could be an engine of economic growth through several mechanisms. In this essay we analyzed only one of them: the decline of the industrial prices because of the technical change. We designed an equilibrium model of economic growth, and look at the theoretical...
Persistent link: https://www.econbiz.de/10005464606