- A-Z
- Jena Economic Resea...
- Volume 2
- Long-Run Sectoral D...
- Autor(in)
-
Friedrich-Schiller-Universität Jena. Wirtschaftswissenschaftliche Fakultät
- Erschienen
- 25. Februar 2008
- Nummer des Discussion-Papers
-
2008-013
- Schlagwort(e)
-
industrialization
structural change
tertiarization
- Zusammenfsg.
-
In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of employment and value added. We reconsider the verbal theoretical work of Fourastié and build a simple model encompassing its main features, most notably the macroeconomic influences on the sectoral development. Estimation and analysis with German data for the period 1850-2001 show that this model is quite capable to replicate the empirical facts.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O41 - One, Two, and Multisector Growth Models