We propose an agent-based computational model defining the following dimensions of structural change - organisation of production, technology of production, and product on the supply side, and income distribution and consumption patterns on the demand side - at the microeconomic level. We define...

This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term...

We analyze the relationship between income inequality and structural change in the sectoral composition of the tradable and the non-tradable sectors. We construct a small open economy two sector model where preferences imply non-linear Engel curves and we show that the relationship between...