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Structural Change in a Multi-Sector Model of Growth Author info | Abstract | Publisher info | Download info | Related research | Statistics L. Rachel Ngai () (CEP, London School of Economics and CEPR)
Christopher A. Pissarides () (CEP, London School of Economics, CEPR and IZA Bonn)
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We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and balanced aggregate growth. The conditions are weak restrictions on the utility and production functions commonly applied by macroeconomists. Per capita output grows at the rate of labor-augmenting technological progress in the capitalproducing sector and employment moves to low-growth sectors. In the limit all employment converges to two sectors, the slowest-growing consumption-goods sector and the capitalgoods sector.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
1800.
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Length: 27 pages
Date of creation: Oct 2005Date of revision:
Handle: RePEc:iza:izadps:dp1800Contact details of provider: Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany Phone: +49 228 3894 223 Fax: +49 228 3894 180 Web page: http://www.iza.org
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Keywords: multi-sector growth ; structural change ; balanced growth ; sectoral employment ; unbalanced growth ; Other versions of this item:
Find related papers by JEL classification: O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
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References listed on IDEAS 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.: Ngai, Liwa Rachel & Pissarides, Christopher, 2004.
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Douglas Gollin & Stephen Parente & Richard Rogerson, 2002.
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American Economic Review ,
American Economic Association, vol. 92(2), pages 160-164, May.
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