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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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  • Boppart, Timo

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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Paper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order with number 79777.

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Date of creation: 2013
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Handle: RePEc:zbw:vfsc13:79777

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Cited by:
  1. Richard Rogerson & Akos Valentinyi & Berthold Herrendorf, 2007. "Growth and Structural Transformation," 2007 Meeting Papers, Society for Economic Dynamics 757, Society for Economic Dynamics.
  2. Timo Boppart & Franziska J. Weiss, 2013. "Non-homothetic preferences and industry directed technical change," ECON - Working Papers, Department of Economics - University of Zurich 123, Department of Economics - University of Zurich.
  3. Timo Boppart, 2013. "Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences," 2013 Meeting Papers, Society for Economic Dynamics 217, Society for Economic Dynamics.
  4. Ngai, L. Rachel & Petrongolo, Barbara, 2014. "Gender Gaps and the Rise of the Service Economy," IZA Discussion Papers 8134, Institute for the Study of Labor (IZA).
  5. 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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