Long-run sectoral development: Time-series evidence for the German economy

Andreas Dietrich and Jens Krüger ()

Structural Change and Economic Dynamics, 2010, vol. 21, issue 2, 111-122

Abstract: 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 of replicating the empirical facts.

Keywords: Structural; change; Industrialization; Tertiarization (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954-349X(09)00084-8
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Long-Run Sectoral Development: Time Series Evidence for the German Economy (2008)
Working Paper: Long-Run Sectoral Development - Time Series Evidence for the German Economy (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:21:y:2010:i:2:p:111-122

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().