Replication data for: Structural Change, Growth, and Volatility
Principal Investigator(s): View help for Principal Investigator(s) Alessio Moro
Version: View help for Version V1
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Data-and-Codes | 10/12/2019 07:23:PM | ||
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Project Citation:
Moro, Alessio. Replication data for: Structural Change, Growth, and Volatility. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114063V1
Project Description
Summary:
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I construct a two-sector general equilibrium model of structural change to study the impact of sectoral composition of gross domestic product (GDP) on cross-country differences in GDP growth and volatility. For an empirically relevant parametrization of sectoral production functions, an increase in the share of services in GDP reduces both aggregate total factor productivity (TFP) growth and volatility, thus reducing GDP growth and volatility. When the model is calibrated to the US manufacturing and service sector, the rise of the service sector occurring as income grows can account for a large fraction of the differences in per capita GDP growth and volatility between high-income economies and upper middle income economies. (JEL E23, E25, E32, L60, L80)
Scope of Project
JEL Classification:
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E23 Macroeconomics: Production
E25 Aggregate Factor Income Distribution
E32 Business Fluctuations; Cycles
L60 Industry Studies: Manufacturing: General
L80 Industry Studies: Services: General
E23 Macroeconomics: Production
E25 Aggregate Factor Income Distribution
E32 Business Fluctuations; Cycles
L60 Industry Studies: Manufacturing: General
L80 Industry Studies: Services: General
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