@TechReport{iza:izadps:dp472,
            	author={Foellmi, Reto and Zweimüller, Josef},
            	title={Structural Change and the Kaldor Facts of Economic Growth},
            	year={2002},
	month={Apr},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={472},
            	url={https://www.iza.org/index.php/publications/dp472},
	abstract={We present a model in which two of the most important features of the long-run growth
process are reconciled: the massive changes in the structure of production and employment;
and the Kaldor facts of economic growth. We assume that households expand their
consumption along a hierarchy of needs and firms introduce continuously new products. In
equilibrium industries with an expanding and those with a declining employment share co-exist,
and each such industry goes (or has already gone) through a cycle of take-off, maturity,
and stagnation. Nonetheless macroeconomic aggregates grow pari passu at a constant rate.},
	keywords={innovation;structural change;balanced growth;Kaldor facts;hierarchic},
            }