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- W3122242033 abstract "The Kuznets-Kaldor stylized facts are one of the most striking empirical observations about the development process in the industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This implies that cross-technology factor reallocation has a relatively weak impact on the aggregates, which is a puzzle from a theoretical point of view. We provide a model that can explain this puzzle. Furthermore, we show by empirical evidence that this model is in line with 55% of structural change." @default.
- W3122242033 created "2021-02-01" @default.
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- W3122242033 date "2010-01-01" @default.
- W3122242033 modified "2023-09-28" @default.
- W3122242033 title "The Kuznets-Kaldor-Puzzle and Neutral Cross-Capital-Intensity Structural Change" @default.
- W3122242033 hasPublicationYear "2010" @default.
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