| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9370 |
| DP9370 Growth and Structural Transformation | |
| Richard Rogerson; Berthold Herrendorf; Akos Valentinyi | |
| 发表日期 | 2013-03-03 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Structural transformation refers to the reallocation of economic activity across the broad sectors agriculture, manufacturing and services. This review article synthesizes and evaluates recent advances in the research on structural transformation. We begin by presenting the stylized facts of structural transformation across time and space. We then develop a multi--sector extension of the one--sector growth model that encompasses the main existing theories of structural transformation. We argue that this multi--sector model serves as a natural benchmark to study structural transformation and that it is able to account for many salient features of structural transformation. We also argue that this multi--sector model delivers new and sharper insights for understanding economic development, regional income convergence, aggregate productivity trends, hours worked, business cycles, and wage inequality. We conclude by suggesting several directions for future research on structural transformation. |
| 主题 | International Macroeconomics |
| 关键词 | Approximate balanced growth Multi-sector growth model Structural transformation Stylized facts |
| URL | https://cepr.org/publications/dp9370 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538206 |
| 推荐引用方式 GB/T 7714 | Richard Rogerson,Berthold Herrendorf,Akos Valentinyi. DP9370 Growth and Structural Transformation. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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