Publications
Detailed Information
Economic Growth, Engel's Law, and Structural Transformation
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Issue Date
- 1995-01
- Citation
- Seoul Journal of Economics, Vol.8 No.1, pp. 1-22
- Abstract
- This paper presents a model of structural transformation in the course of economic development and contrasts simulation results with actual data. Important features of the United States historical data such as the diminishing importance of agriculture in terms of labor force or GDP fraction can be generated by the model. It is shown that the structural dynamics bringing about diminution of agriculture calls for a nonhomothetic preference specification.
- ISSN
- 1225-0279
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.