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Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences

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  • Timo Boppart

    (IIES, Stockholm University)

Abstract

Growth is associated with (i) shifts in the sectoral structure of the economy, (ii) changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic differences in the expenditure structure across income groups. This paper presents a growth model which is consistent with (i)-(iv) at the same time, a result the existing literature has not been able to generate. The theory is simple and parsimonious and contains an analytical solution. The model's functional form and cross-sectional data are exploited to estimate the relative importance of price and income effects as determinants of the structural change.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2013 Meeting Papers with number 217.

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Date of creation: 2013
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Handle: RePEc:red:sed013:217

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  1. Kiminori Matsuyama, 1990. "Agricultural Productivity, Comparative Advantage, and Economic Growth," Discussion Papers 934, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Cited by:
  1. Timo Boppart, 2011. "Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences," ECON - Working Papers 002, Department of Economics - University of Zurich.
  2. Franziska Weiss & Timo Boppart, 2013. "Non-homothetic preferences and industry directed technical change," 2013 Meeting Papers 916, Society for Economic Dynamics.
  3. Jaime Alonso-Carrera & Xavier Raurich, 2014. "Demand-based structural change and balanced economic growth," UB Economics Working Papers 2014/303, Universitat de Barcelona, Facultat d'Economia i Empresa, UB Economics.

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