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http://hdl.handle.net/10419/37229
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| Title: | | The Kuznets-Kaldor-Puzzle and Neutral Cross-Capital-Intensity Structural Change  |
| Authors: | | Stijepic, Denis Helmut, Wagner |
| Issue Date: | | 2010 |
| Series/Report no.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Convergence and Structural Change D5-V2 |
| Abstract: | | The Kuznets-Kaldor stylized facts are one of the most striking empirical observations about the development process in the industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This implies that cross-technology factor reallocation has a relatively weak impact on the aggregates, which is a puzzle from a theoretical point of view. We provide a model that can explain this puzzle. Furthermore, we show by empirical evidence that this model is in line with 55% of structural change. |
| Subjects: | | neoclassical growth models balanced growth structural change Kaldor facts labor reallocation across sectors sector technology |
| JEL: | | O14 O41 D11 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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