Changes in Sectoral Composition Associated with Economic Growth
用动态一般均衡方法研究部门构成与增长的相互影响,模型扩展了索洛增长模型,包含多种消费品和非齐次偏好,发现部门构成会影响增长率。
In this paper, the author uses dynamic general equilibrium methods to examine the interrelationship between sectoral composition and growth. She shows that growth is affected by sectoral composition and vice versa. The model is basically a Solow model of sustained growth with multiple consumption goods and nonhomothetic preferences. Each consumption good is produced using different factor intensities. The rate of exogenous technological change is different in each sector. Nonhomotheticity of preferences drives the result that sectoral composition affects growth rates. Copyright 1997 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.