کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
988760 | 935362 | 2008 | 23 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Endogenous growth and changing sectoral composition in advanced economies
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We study how changing sectoral composition in employment and output shares affects aggregate growth by modeling a two-sector economy with a technologically “progressive” industry, which produces for consumption and investment, and a technologically “stagnant” industry producing only for consumption. Hence, unbalanced improvements in total factor productivity interact with changes in the composition of final demand in shaping the growth process. Within this endogenous growth framework, we show under what conditions on preferences Baumol's asymptotic stagnancy occurs. Beside studying the limiting behavior of the economy, numerical examples are presented to analyze the structural change going on along the transition path.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Structural Change and Economic Dynamics - Volume 19, Issue 2, June 2008, Pages 109–131
Journal: Structural Change and Economic Dynamics - Volume 19, Issue 2, June 2008, Pages 109–131
نویسندگان
Luigi Bonatti, Giulia Felice,