Long-Run Sectoral Development - Time Series Evidence for the German Economy

Andreas Dietrich and Jens Krüger ()

No 2008-013, Jena Economics Research Papers from Friedrich-Schiller-University Jena

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 to replicate the empirical facts.

Keywords: structural change; industrialization; tertiarization (search for similar items in EconPapers)
JEL-codes: L16 O14 O41 (search for similar items in EconPapers)
Date: 2008-02-25
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Long-run sectoral development: Time-series evidence for the German economy (2010)
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:jrp:jrpwrp:2008-013

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