Hartwig, Jochen - In: Structural Change and Economic Dynamics 23 (2012) 1, pp. 11-24
Against the backdrop of Baumol's model of ‘unbalanced growth’, a recent strand of literature has presented models that manage to reconcile structural change with Kaldor's ‘stylized fact’ of the relative constancy of per-capita real GDP growth. Another strand of literature goes beyond...