Endogenous sector-biased technical change and perpetual and transient structural change

被引：0
|
作者：
Pengfei Zhang
机构：
[1] Peking University,School of Economics
来源：
Journal of Economics | 2018年 / 123卷
关键词：
Aggregate balanced growth; Biased technology; Non-balanced sectoral growth; R&D resources; Structural change; O30; O33; O40; O41;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper provides a new definition of structural change and then categorizes such changes into two types. Transient structural change is related to the short-term adjustment of sectoral labor employment, while perpetual structural change concerns the long-run trends of labor reallocation among sectors. If we focus on supply-side reasons, we find that the one and only fundamental driving force of perpetual structural change is sector-biased technical change. We also investigate the structural parameters of the model that determine the direction of sector-biased technical change.
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页码：195 / 223
页数：28
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