Does home production drive structural transformation?

Alessio Moro, Solmaz Moslehi () and Satoshi Tanaka

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: Using new home production data for the U.S., we estimate a model of structural transformation with a home production sector, allowing for both non-homotheticity of preferences and differential productivity growth in each sector. We report two main findings. First, the estimation results show that home services have a lower income elasticity than market services. Second, the slowdown in home labor productivity, started in the late 70s, is a key determinant of the rise of market services. Our counterfactual experiment shows that, without the slowdown, the share of market services would be lower by 5.8% in 2010.

Keywords: Structural Change; Home Production; Services Sector (search for similar items in EconPapers)
JEL-codes: E20 E21 L16 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2016-04
New Economics Papers: this item is included in nep-dge, nep-lma, nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cama.crawford.anu.edu.au/sites/default/fil ... o_moslehi_tanaka.pdf (application/pdf)

Related works:
Journal Article: Does Home Production Drive Structural Transformation? (2017)
Working Paper: Does Home Production Drive Structural Transformation? (2015)
Working Paper: Does Home Production Drive Structural Transformation? (2015)
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:een:camaaa:2016-19

Access Statistics for this paper

More papers in CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Cama Admin ().