Structural Change, Aggregate Growth And Government Services

Konferenzbeitrag

Recent literature studies structural change and aggregate dynamics in neoclassical multi-sector growth models. A central aspect of this literature is the explanation of Kaldor-Kuznets-stylized-facts , which state that massive structural change takes place while aggregate-dynamics are relatively stable in the long-run. We present a growth model analysing the role of government in structural change and aggregate growth. We show that, besides distortionary effects on the sector structure, the provision of government services has an impact on the intertemporal elasticity of substitution of the representative household and, thus, on aggregate dynamics. These results can be used to explain the Kaldor-Kuznets-facts.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Growth theory ; No. F06-V1

Classification and Topics

• Classification: Wirtschaft ; One, Two, and Multisector Growth Models ; Technological Change: Government Policy ; Industrialization; Manufacturing and Service Industries; Choice of Technology

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Stijepic, Denis ; Wagner, Helmut
• Event: Veröffentlichung
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/112904
• Last update: 10.03.2025, 11:43 AM CET