期刊
REVIEW OF ECONOMIC STUDIES
卷 68, 期 4, 页码 869-882出版社
OXFORD UNIV PRESS
DOI: 10.1111/1467-937X.00193
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Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of the most striking regularities of the growth process-the massive reallocation of labour from agriculture into manufacturing and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labour reallocation.
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