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dc.contributor.authorStijepic, Denisen_US
dc.contributor.authorHelmut, Wagneren_US
dc.description.abstractThe 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.en_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Convergence and Structural Change D5-V2en_US
dc.subject.keywordneoclassical growth modelsen_US
dc.subject.keywordbalanced growthen_US
dc.subject.keywordstructural changeen_US
dc.subject.keywordKaldor factsen_US
dc.subject.keywordlabor reallocation across sectorsen_US
dc.subject.keywordsector technologyen_US
dc.titleThe Kuznets-Kaldor-Puzzle and Neutral Cross-Capital-Intensity Structural Changeen_US
dc.typeConference Paperen_US
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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