Buera, Francisco; Kaboski, Joseph Paul; Mestieri, Martí - 2020
balanced growth path (BGP) analysis. This paper develops a dynamic equilibrium concept for a more general class of models - an … quantitative implications for structural transformation, investment, and growth. Indeed, analyzing the dynamics along the STraP, we … show that the modern dynamic model of structural transformation makes progress over the Neoclassical growth model in …