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Positivistic models of long-run labor allocation dynamics
Stijepic, Denis - In: Journal of economic structures : JES; the official … 6 (2017) 19, pp. 1-30
The three-sector framework (relating to agriculture, manufacturing, and services) is one of the major concepts for studying the long-run dynamics of the economic structure. We summarize the empirical/theoretical literature consensus by formulating ‘economic laws’ of long-run structural...
Persistent link: https://www.econbiz.de/10011765034
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Structural transformation and income distribution : kuznets and beyond
Kanbur, Ravi - 2017
This paper explores the question of structural transformation and income distribution through the eyes of the pioneer in such analysis, Simon Kuznets. It argues that his 1955 paper stands the test of time in providing insights which are relevant to understanding current phenomena like the...
Persistent link: https://www.econbiz.de/10011631507
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Trade, Reform, and Structural Transformation in South Korea
Betts, Caroline M. - 2013
quantify the impact of international trade and trade reform for industrialization. The model features Armington motivated trade …
Persistent link: https://www.econbiz.de/10013077132
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Structural Change and the Kaldor Facts in a Growth Model with Relative Price Effects and Non-Gorman Preferences
Boppart, Timo - 2011
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10013128684
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Trade, Reform, and Structural Transformation in South Korea
Betts, Caroline M. - 2016
increases imports and total trade, especially agricultural imports, intensifying Korean industrialization. Subsidy … liberalization lowers exports and trade, especially industrial exports, attenuating industrialization. These effects of policy reform … employment share, and slower industrialization. “Complete reform”, lowering tariffs and subsidies to zero from 1963 onwards …
Persistent link: https://www.econbiz.de/10012987083
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A Human Capital Theory of Structural Transformation
Gillman, Max - 2020
The paper presents a human capital based theory of the sectoral transformation along the balanced growth path equilibrium. Allowing a small upward trend in the productivity of the human capital sector, combined with differential human capital intensity and constant productivity across sectors,...
Persistent link: https://www.econbiz.de/10012844067
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Capital Accumulation and Structural Transformation
Bustos, Paula - 2020
Several scholars argue that high agricultural productivity growth can retard industrial development as it draws resources towards the comparative advantage sector, agriculture. However, agricultural productivity growth can increase savings and the supply of capital, generating an expansion of...
Persistent link: https://www.econbiz.de/10012852833
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On development paths minimizing the aggregate labor-reallocation costs in the threesector framework and an application to structural policy
Stijepic, Denis - 2019
Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...
Persistent link: https://www.econbiz.de/10012265652
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Learning in Capital Production, Accelerated Growth and Structural Change
Ortiz, Carlos Humberto - 2008
Based on a two-sector model of endogenous growth (Rebelo 1991), where a consumption good and a capital good are produced, this paper analyzes the effect of assuming learning-by-doing in the capital-good sector. The modified model reproduces two patterns of long-run economic development:...
Persistent link: https://www.econbiz.de/10012770531
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Structural Transformation and Income Distribution : Kuznets and Beyond
Kanbur, Ravi - 2017
This paper explores the question of structural transformation and income distribution through the eyes of the pioneer in such analysis, Simon Kuznets. It argues that his 1955 paper stands the test of time in providing insights which are relevant to understanding current phenomena like the...
Persistent link: https://www.econbiz.de/10012960255