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- W119290643 abstract "Kongsamut et al. (2001) have demonstrated that contrary to earlier opinionbalanced growth of aggregated variables and structural change can be simultaneouslygenerated in a model of exogenous technological progress. That is, they have presenteda model that is simultaneously consistent with Kaldor’s stylized facts and stylized factsof labor reallocation between sectors. However, they used in their model sectoralproduction functions that differ only by a multiplicative constant. Thus their model isnot consistent with the empirical fact of different labor shares of income across sectors.We generalize their model and show that a model of exogenous growth cansimultaneously be consistent with Kaldor’s stylized facts, stylized facts of laborreallocation and different labor shares of income across sectors (i.e. completely differentsectoral production functions)." @default.
- W119290643 created "2016-06-24" @default.
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- W119290643 date "2007-01-01" @default.
- W119290643 modified "2023-09-26" @default.
- W119290643 title "Beyond balanced growth: some further results" @default.
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