Empirical evidence on the geometrical properties of structural change trajectories
Denis Stijepic ()
MPRA Paper from University Library of Munich, Germany
We study the long-run labor reallocation dynamics in the three-sector framework relating to agriculture, manufacturing, and services. In particular, we depict the labor reallocation data provided by Maddison (1995) and WorldBank on standard simplexes, study the geometrical properties of the implied vector field, and derive the geometrical properties of stylized labor reallocation trajectories. Moreover, we discuss how these properties can be explained by the standard structural change literature and used for structural change analysis and prediction.
Keywords: structural change; sectors; labor; reallocation; long run; dynamics; trajectory; simplex; geometry; vector (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
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Date: 2017-08-16, Revised 2017-08-17
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:80854
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