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Scale and the origins of structural change

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Author Info
Francisco J. Buera
Joseph Kaboski

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Abstract

Structural change involves a broad set of trends: (i) sectoral reallocations, (ii) rich movements of productive activities between home and market, and (iii) an increase in the scale of productive units. After extending these facts, we develop a model to explain them within a unified framework. The crucial distinction between manufacturing, services, and home production is the scale of the productive unit. Scale technologies give rise to industrialization and the marketization of previously home produced activities. The rise of mass consumption leads to an expansion of manufacturing, but a reversal of the marketization process for service industries. Finally, the later growth in the scale of services leads to a decline in industry and a rise in services.

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Paper provided by Federal Reserve Bank of Chicago in its series Working Paper Series with number WP-08-06.

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Date of creation: 2008
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Handle: RePEc:fip:fedhwp:wp-08-06

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Keywords: Service industries;

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  2. repec:att:wimass:192021 is not listed on IDEAS
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  6. Ngai, Liwa Rachel & Pissarides, Christopher, 2004. "Structural Change in a Multi-Sector Model of Growth," CEPR Discussion Papers 4763, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  7. Richard Rogerson, 2007. "Structural Transformation and the Deterioration of European Labor Market Outcomes," NBER Working Papers 12889, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  8. Francisco J. Buera & Joseph P. Kaboski, 2006. "The Rise of the Service Economy," 2006 Meeting Papers 496, Society for Economic Dynamics.
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  9. Foellmi, Reto & Zweimüller, Josef, 2008. "Structural change, Engel's consumption cycles and Kaldor's facts of economic growth," Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1317-1328, October. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Barry Eichengreen & Poonam Gupta, . "Two Waves of Service-Sector Growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 235, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
  2. Barry Eichengreen & Poonam Gupta, 2009. "The Two Waves of Service Sector Growth," NBER Working Papers 14968, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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