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

Andreas Dietrich and Jens Krüger (krueger@vwl.tu-darmstadt.de)

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
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Citations: View citations in EconPapers (6)

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

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