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- W3146486495 abstract "The Kuznets-Kaldor stylized facts are one of the most striking empirical regularities of the development process in 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 which can explain the Kuznets-Kaldor-puzzle by independent preferences and technologies. Furthermore, we show by empirical evidence that this explanation is in line with 55% of structural change in the USA between 1948 and 1987." @default.
- W3146486495 created "2021-04-13" @default.
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- W3146486495 date "2009-01-01" @default.
- W3146486495 modified "2023-09-26" @default.
- W3146486495 title "Kuznets-Kaldor-puzzle, neutral structural change and independent preferences and technologies" @default.
- W3146486495 hasPublicationYear "2009" @default.
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