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Structural Change in a Multisector Model of Growth
Open accessAbstract
We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and balanced aggregate growth. The conditions are weak restrictions on the utility and production functions commonly applied by macroeconomists. Per capita output grows at the rate of labor-augmenting technological progress in the capital-producing sector and employment moves to low-growth sectors. In the limit all employment converges to two sectors, the slowest-growing consumption-goods sector and the capital-goods sector.
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Cited by
The growth of low-skill service jobs and the polarization of the US labor market
Autor, D. H., & Dorn, D. (2013) · American Economic Review · doi:10.1257/aer.103.5.1553 · Cited by 3,824
Skills, Tasks and Technologies: Implications for Employment and Earnings
Acemoglu, D., & Autor, D. (2011) · Handbook of Labor Economics · doi:10.1016/s0169-7218(11)02410-5 · Cited by 3,799
Automation and New Tasks: How Technology Displaces and Reinstates Labor
Acemoglu, D., & Restrepo, P. (2019) · Journal of Economic Perspectives · doi:10.1257/jep.33.2.3 · Cited by 2,612
Skills, Tasks and Technologies: Implications for Employment and Earnings
Acemoglu, D., & Autor, D. (2010) · doi:10.3386/w16082 · Cited by 2,180
Rodrik, D. (2016) · Journal of Economic Growth · doi:10.1007/s10887-015-9122-3 · Cited by 2,236
Metadata
- Authors
- Ngai, L. R., & Pissarides, C.
- Venue
- The American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-03-01
- Volume
- 97
- Issue
- 1
- Pages
- 429-443
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2781604507
- Cited by
- 1,213
- References
- 0
- FWCI
- 86.12
- Type
- journal article
- Language
- en
- Open access
- green
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