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Structural Change with Long-run Income and Price Effects

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NBER2015-09-01 更新2025-01-04 收录
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We present a new multi-sector growth model that features nonhomothetic, constant-elasticity-of-substitution preferences, and accommodates long-run demand and supply drivers of structural change for an arbitrary number of sectors. The model is consistent with the decline in agriculture, the hump

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2015-09-01
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