Growth, sectoral composition, and the evolution of income levels

Jaime Alonso-Carrera; Xavier Raurich

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Growth, sectoral composition, and the evolution of income levels

机译：增长，部门构成和收入水平的演变

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We assert that the endowments of production factors cause cross-country differences in GDP by generating disparities in the sectoral composition. We characterize the dynamic equilibrium of a two-sector endogenous growth model with several consumption goods that are subject to minimum consumption requirements. In this model, economies with the same fundamentals but different endowments of capitals will end up growing at a common rate, although the long run sectoral composition of GDP will be different. Because the total factor productivity (TFP) in multisector models depends on sectoral structure, these differences in capital endowments will also generate sustained differences in TFPs.

机译：我们断言，生产要素的by赋通过在部门构成中产生差异而造成了国内生产总值的跨国差异。我们描述了一个具有两个消费品的两部门内生增长模型的动态平衡，这些消费品受最低消费要求的限制。在这种模式下，尽管GDP的长期部门构成会有所不同，但基本面相同但资本end赋不同的经济体最终将以共同的速度增长。由于多部门模型中的全要素生产率（TFP）取决于部门结构，因此资本end赋的这些差异也会在TFP中产生持续的差异。

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来源
《Journal of Economic Dynamics and Control》 |2010年第12期|p.2440-2460|共21页
作者
Jaime Alonso-Carrera; Xavier Raurich;
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作者单位

Departamento de Fundamentos del Analisis Economico and RGEA, Universidade de Vigo, Spain;

Departament de Teoria Econbmica and CREB, Universitat de Barcelona, Spain Universitat de Barcelona, Departament de Teoria Economica, Facultat de Ciencies Economiques i empresarials, Avinguda Diagonal 690, 08034 Barcelona, Spain;

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正文语种 eng
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关键词
sectoral composition; two-sector growth model; minimum consumption; total factor productivity;

机译：部门组成;两部门增长模型;最低消费;全要素生产率;

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Growth, sectoral composition, and the evolution of income levels

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