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Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change

Dietrich, Andreas ; Krüger, Jens :
Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change.
[Online-Edition: http://tuprints.ulb.tu-darmstadt.de/4727]
In: Darmstadt Discussion Papers in Economics , 199 . Darmstadt
[Report] , (2010)

Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/4727

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
Titel: Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change
Sprache: Englisch
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.

Reihe: Darmstadt Discussion Papers in Economics
Band: 199
Ort: Darmstadt
Freie Schlagworte: economic growth, structural change, transition path
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: 31 Jan 2016 20:59
Offizielle URL: http://tuprints.ulb.tu-darmstadt.de/4727
URN: urn:nbn:de:tuda-tuprints-47276
Zusätzliche Informationen:

JEL classification: L16, O14, O41

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