The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
Two Perspectives on Preferences and Structural Transformation
Abstract
We assess the empirical importance of changes in income and relative prices for structural transformation in the postwar United States. We explain two natural approaches to the data: sectors may be categories of final expenditure or value added; e.g., the service sector may be the final expenditure on services or the value added from service industries. We estimate preferences for each approach and find that with final expenditure income effects are the dominant force behind structural transformation, whereas with value-added categories price effects are more important. We show how the input-output structure of the United States can reconcile these findings. (JEL E21, L16)
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Cites
A New Approach to Consumer Theory
Lancaster, K. J. (1966) · Journal of Political Economy · doi:10.1086/259131 · Cited by 8,471
A New Approach to Consumer Theory
Lancaster, K. J. (1976) · Lecture Notes in Economics and Mathematical Systems · doi:10.1007/978-3-642-51565-1_34 · Cited by 6,913
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The Next Generation of the Penn World Table
Feenstra, R. C., Inklaar, R., & Timmer, M. P. (2015) · American Economic Review · doi:10.1257/aer.20130954 · Cited by 4,799
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Structural Change in a Multisector Model of Growth
Ngai, L. R., & Pissarides, C. (2007) · The American Economic Review · doi:10.1257/000282807780323460 · Cited by 1,213
Kongsamut, P., Rebelo, S., & Xie, D. (2001) · The Review of Economic Studies · doi:10.1111/1467-937x.00193 · Cited by 1,030
Cited by
Artificial Intelligence, Automation and Work
Acemoglu, D., & Restrepo, P. (2018) · doi:10.3386/w24196 · Cited by 962
Gender Gaps and the Rise of the Service Economy
Ngai, L. R., & Petrongolo, B. (2017) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20150253 · Cited by 332
Metadata
- Authors
- Herrendorf, B., Rogerson, R., & Valentinyi, Á.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2013-12-01
- Volume
- 103
- Issue
- 7
- Pages
- 2752-2789
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2102400833
- Cited by
- 466
- References
- 40
- FWCI
- 72.79
- Type
- journal article
- Language
- en
- Open access
- closed
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