Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena >
Please use this identifier to cite or link to this item:
| || |
|Title:||Long-run sectoral development time series evidence for the German economy |
Krüger, Jens J.
|Issue Date:||2008 |
|Series/Report no.:||Jena economic research papers 2008,013|
|Abstract:||In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of employment and value added. We reconsider the verbal theoretical work of Fourastié and build a simple model encompassing its main features, most notably the macroeconomic influences on the sectoral development. Estimation and analysis with German data for the period 1850-2001 show that this model is quite capable to replicate the empirical facts.|
|Document Type:||Working Paper|
|Appears in Collections:||Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena|
Download bibliographical data as:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.