Supply Side Structural Change
dc.contributor.author | Cordoba, Juan Carlos | |
dc.contributor.author | Cordoba, Juan Carlos | |
dc.contributor.department | Economics | |
dc.date | 2018-02-17T21:09:26.000 | |
dc.date.accessioned | 2020-06-30T02:09:18Z | |
dc.date.available | 2020-06-30T02:09:18Z | |
dc.date.copyright | Tue Jan 01 00:00:00 UTC 2013 | |
dc.date.issued | 2013-01-01 | |
dc.description.abstract | <p>The interest rate and the rate of economic growth are often regarded as roughly constant as economies grow. Moreover, the share of agriculture in production and the share of rural population typically shrink. We show that an otherwise standard growth model that includes a backward and an advanced sector can account for these regularities. The mechanism works as follows: as the economy accumulates capital, labor flows from the backward sector to the advanced one. This migration prevents the usual diminishing marginal returns of capital. As a result, the interest rate and the growth rate of the economy remain constant during the transition to the steady state.</p> | |
dc.description.comments | <p>This is a working paper of an article from <em>Euras</em><em>ian Economic Review </em>3 (2013): 8, doi:10.14208/BF03353839. The final publication is available at Springer via <a href="http://dx.doi.org/10.14208/BF03353839" target="_blank">http://dx.doi.org/10.14208/BF03353839</a>.</p> | |
dc.format.mimetype | application/pdf | |
dc.identifier | archive/lib.dr.iastate.edu/econ_las_pubs/91/ | |
dc.identifier.articleid | 1090 | |
dc.identifier.contextkey | 8995842 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | econ_las_pubs/91 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/21957 | |
dc.language.iso | en | |
dc.source.bitstream | archive/lib.dr.iastate.edu/econ_las_pubs/91/2011_Cordoba_SupplySide.pdf|||Sat Jan 15 02:28:22 UTC 2022 | |
dc.source.uri | 10.14208/BF03353839 | |
dc.subject.disciplines | Growth and Development | |
dc.subject.disciplines | Other Economics | |
dc.subject.disciplines | Regional Economics | |
dc.subject.keywords | growth | |
dc.subject.keywords | structural change | |
dc.subject.keywords | urbanization | |
dc.subject.keywords | choice of techniques | |
dc.subject.keywords | productivity | |
dc.title | Supply Side Structural Change | |
dc.type | article | |
dc.type.genre | article | |
dspace.entity.type | Publication | |
relation.isAuthorOfPublication | 20eac82c-934e-41d3-8c54-07712a42759a | |
relation.isOrgUnitOfPublication | 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d |
File
Original bundle
1 - 1 of 1
No Thumbnail Available
- Name:
- 2011_Cordoba_SupplySide.pdf
- Size:
- 416.95 KB
- Format:
- Adobe Portable Document Format
- Description: