One of the most striking features of economic growth is the process of structural change whereby the share of agriculture in GDP decreases as countries develop. The cross-country growth literature typically estimates an aggregate homogeneous production function or convergence regression model that abstracts from this process of structural change. This paper investigates the extent to which assumptions about aggregation and homogeneity matter for inferences...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2013/01/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6335
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1
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1
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2013/01/01
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Disclosed
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Structural change and cross-country growth empirics
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Agriculture