growth should have significant effects on macro variables, including economic growth. But these effects can be complicated …. The large size of the agricultural sector does not necessarily imply that it must be a leading sector for economic growth …. Expanding a low-productivity sector might not be unambiguously good for growth. Moreover, there are issues of reverse causation …

capital accumulation is not necessarily associated with fast economic growth, nor increases consumer welfare definitely. This … conclusion is consistent with the empirical findings that there is no relationship between growth in years of schooling and per … capita GDP growth. Moreover, we also find that the indeterminacy of the initial value of the wage rate for human capital is …

primary driving forces, sector-biased productivity growth and sectoral trade integration. We calibrate the model to the same … countries used to document our patterns. We find that sector-biased productivity growth is important for deindustrialization by …

This paper analyzes the effects of structural change on the rates of growth of wages, employment and per-capita income … by the varying shares of sectoral employment in total employment. It is shown that the growth rates of GDP and per … different growth dynamics: high but falling growth rates under dualistic development with labour surplus, low but rising growth …

Schumpeterian development is characterised by the simultaneous interplay of growth and qualitative transformations of … productivity growth, dynamic panel estimations are applied to a standard growth model modified to include specific structural … results give empirical substance to the evolutionary emphasis on Schumpeterian development as opposed to mere aggregate growth. …