Structural Change with Long-run Income and Price Effects
We present a new multi-sector growth model that features nonhomothetic, constant-elasticity- of-substitution preferences, and accommodates long-run demand and supply drivers of structural change for an arbitrary number of sectors. The model is consistent with the decline in agriculture, the hump-sha...
|Authors and Corporations:||, , ,|
|Other Authors:||Lashkari, Danial , Mestieri, Martí|
|Type of Resource:||E-Book|
Cambridge, Mass National Bureau of Economic Research September 2015
NBER working paper series