Long-Run Sectoral Development - Time Series Evidence for the German Economy Volume 2 Jena Economic Research Papers 2008-02-25 2008 2007 structural change industrialization tertiarization 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. 2008-013 jportal_jpjournal_00000016 2008-02-25T13:59:13.004Z 2010-12-17T11:53:42.535Z