2015年8月

# CONFORMISM AND STRUCTURAL CHANGE

INTERNATIONAL ECONOMIC REVIEW
• Takeo Hori
• ,
• Masako Ikefuji
• ,
• Kazuo Mino

56
3

939

961

DOI
10.1111/iere.12127

WILEY-BLACKWELL

Using a simple, multisector model of endogenous growth, we show that commodity-specific consumption externalities can be a source of structural change. When the degrees of consumption externalities are different between goods, each sector grows at a different rate. However, the aggregate economy exhibits balanced growth in that capital stock and expenditure grow at the same constant rate. A three-sector version of our model may reconcile Kaldor's stylized facts with empirically plausible profiles of industrial structure transformation.

Web of Science ® 被引用回数 : 7

リンク情報
DOI
https://doi.org/10.1111/iere.12127
Web of Science