TY  - RPRT
        AU  - Ngai, L. Rachel
AU  - Pissarides, Christopher A.
        TI  - Structural Change in a Multi-Sector Model of Growth
        PY  - 2005/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1800
        UR  - https://www.iza.org/publications/dp1800
        AB  - We study a multi-sector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation, and balanced aggregate growth. The conditions are weak restrictions on the utility and production functions commonly applied by macroeconomists. Per capita output grows at the rate of labor-augmenting technological progress in the capital-producing sector and employment moves to low-growth sectors. In the limit all employment converges to two sectors, the slowest-growing consumption-goods sector and the capital-goods sector. 
        KW  - unbalanced growth
KW  - sectoral employment
KW  - structural change
KW  - balanced growth
KW  - multi-sector growth
        ER  -