Dietrich, Andreas ; Krüger, Jens (2010):
Numerical Explorations of the
Ngai-Pissarides Model of
Growth and Structural Change.
In: Darmstadt Discussion Papers in Economics, 199, Darmstadt, [Report]
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Item Type: | Report |
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Title: | Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change |
Language: | English |
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. |
Series: | Darmstadt Discussion Papers in Economics |
Series Volume: | 199 |
Place of Publication: | Darmstadt |
Uncontrolled Keywords: | economic growth, structural change, transition path |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Emprical Economics |
Date Deposited: | 17 Nov 2010 09:19 |
Last Modified: | 26 Jan 2016 15:03 |
URN: | urn:nbn:de:tuda-tuprints-47276 |
Additional Information: | JEL classification: L16, O14, O41 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/4727 |
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