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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...

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Bibliographic Details
Authors and Corporations: Comin, Diego A. (Author), Lashkari, Danial (Other), Mestieri, Martí (Other), National Bureau of Economic Research (Other)
Other Authors: Lashkari, Danial , Mestieri, Martí
Type of Resource: E-Book
Language: English
Cambridge, Mass National Bureau of Economic Research September 2015

Series: NBER working paper series
Source: Verbunddaten SWB
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