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Long-Run Sectoral Development - Time Series Evidence for the German Economy

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  • Andreas Dietrich

    ()
    (Friedrich-Schiller-University Jena, Department of Economics)

  • Jens J. Krüger

    (Friedrich-Schiller-University Jena, Department of Economics)

Abstract

In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of employment and value added. We reconsider the verbal theoretical work of Fourastié and build a simple model encompassing its main features, most notably the macroeconomic influences on the sectoral development. Estimation and analysis with German data for the period 1850-2001 show that this model is quite capable to replicate the empirical facts.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-013.

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Date of creation: 25 Feb 2008
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Handle: RePEc:jrp:jrpwrp:2008-013

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Keywords: structural change; industrialization; tertiarization;

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Cited by:
  1. Ikhlaas Gurrib, 2011. "The Impact of Mining and Services Industries on the Structural Change of Australia," International Journal of Economic Sciences and Applied Research (IJESAR), Technological Educational Institute (TEI) of Kavala, Greece, vol. 4(2), pages 35-51, August.
  2. Dietrich, Andreas & Krüger, Jens, 2010. "Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change," Darmstadt Discussion Papers in Economics 46865, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).

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