Dietrich, Andreas ; Krüger, Jens (2010)
Numerical Explorations of the
Ngai-Pissarides Model of
Growth and Structural Change.
Report, Bibliographie
Kurzbeschreibung (Abstract)
In this paper we specialize the Ngai-Pissarides model of growth and structural change [American Economic Review 97 (2007), 429-443] to the case of three sectors, representing the primary (agriculture, mining), secondary (construction, manufacturing) and tertiary (services) sectors. On that basis we explore the dynamic properties of the model along the transition path to the steady-state equilibrium by numerical methods. Our explorations show that the model misses several stylized facts of structural change among these sectors. We propose several extensions of the model to align the model more closely with the facts.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2010 |
| Autor(en): | Dietrich, Andreas ; Krüger, Jens |
| Art des Eintrags: | Bibliographie |
| Titel: | Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change |
| Sprache: | Englisch |
| Publikationsjahr: | Oktober 2010 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 199 |
| URL / URN: | http://econstor.eu/bitstream/10419/43135/1/640596746.pdf |
| Kurzbeschreibung (Abstract): | In this paper we specialize the Ngai-Pissarides model of growth and structural change [American Economic Review 97 (2007), 429-443] to the case of three sectors, representing the primary (agriculture, mining), secondary (construction, manufacturing) and tertiary (services) sectors. On that basis we explore the dynamic properties of the model along the transition path to the steady-state equilibrium by numerical methods. Our explorations show that the model misses several stylized facts of structural change among these sectors. We propose several extensions of the model to align the model more closely with the facts. |
| Freie Schlagworte: | economic growth, structural change, transition path |
| Zusätzliche Informationen: | JEL classification: L16, O14, O41 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Empirische Wirtschaftsforschung |
| Hinterlegungsdatum: | 17 Nov 2010 09:19 |
| Letzte Änderung: | 29 Mai 2016 21:17 |
| PPN: | |
| Export: | |
| Suche nach Titel in: | TUfind oder in Google |
 |
Frage zum Eintrag |
Optionen (nur für Redakteure)
 |
Redaktionelle Details anzeigen |
Drucken
Impressum