Structural Change and a Constant Growth Path in a Three-Sector Growth Model With Three Factors

Muro, Kazunobu

doi:10.1017/s1365100515000565

Cited by 3 publications

(3 citation statements)

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“…So far, we have extensively reviewed the mainstream multi-sectoral models that attempt to reconcile structural change with Kaldor's facts. Although there are some exceptions, 10 we can 10 For example, Muro (2017) presented a growth model with three factors and three goods and attempted to reconcile structural change with Kaldor's facts. The author proved the unique existence of the GBGP and (su¢ cient) conditions for saddle-path stability by transforming the three-good model into a type of twosector optimal growth model à la Uzawa (1964).…”

Section: Structural Change and Kaldor' S Facts From Cambridge Keynesi...mentioning

confidence: 99%

“…Mainstream research focusing on the latter reason includes Acemoglu and Guerrieri (2008), Alvarez-Cuadrado et al (2017), Bonatti and Felice (2008), and Ngai and Pissarides (2007). Furthermore, the following mainstream studies emphasise that structural change is caused by both reasons: Boppart (2014aBoppart ( , 2014b, Comin et al (2020), Guilló et al (2011), Meckl (2002), Muro (2017), andŚwi ¾ ecki (2017). In addition, we should mention the so-called Baumol (1967) disease.…”

Section: Introductionmentioning

confidence: 99%

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Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective

Kurose

2021

Structural Change and Economic Dynamics

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Section: Structural Change and Kaldor' S Facts From Cambridge Keynesi...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective

Kurose

2021

Structural Change and Economic Dynamics

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“…Such scientists as Danylchuk et al (2019) and Kazunobu (2017), based in their works on the existing model of three sectors, investigated the main structural changes that occur in the national economy of Ukraine, while highlighting and focusing on the importance of separating external and internal factors of influence on the main indicators of the national economy.…”

Section: Literature Reviewmentioning

confidence: 99%

Influence of Internal and External Factors on the Structural Changes of National Economy: An Example of Ukraine

Ніконенко

Khalina

Kazyuk

et al. 2021

Business, Management and Economics Engineering

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Purpose – the purpose of our article is to study structural changes in the national economy using a portfolio model of sectors with different returns and, on this basis, processing the methodology for identifying the current state and instrumental factors of economic policy. Research methodology – the methodology of empirical research includes methods of grouping, abstraction, comparison, systems analysis, synthesis and generalization, graphical methods and regression analysis. To analyze the nature of the relationship between the index of structural changes and the dynamics of GDP, which determines the comparative profitability of the resource and non-resource sectors and the current position of the current structure relative to the equilibrium value, we used error-corrected models (ECMs). Findings – using regression models with error correction, a favourable long- and short-term relationship between structural changes in favour of non-resource exports and Ukraine’s GDP has been empirically confirmed. Using the index of structural changes, considering the ratio of raw materials and non-raw materials exports, the necessity of applying administrative measures is substantiated. Research limitations – the study concerned mainly the national economy of Ukraine, but in the future, attention should be paid to the application of the results of our study in other countries of Eastern Europe. In the future, the results obtained can be adapted for other countries of the world. The research was based on the use of specific mathematical methods, and not all mathematical possibilities were used. Practical implications – the model can be used in the practical activities of state economic structures In the future, it is possible to change key indicators and further expand the field of use of the model. Originality/Value – the novelty of the study lies in the development of a methodology for identifying the current state and instrumental factors of economic policy that can speed up economic growth based on favourable structural shifts (in favour of the non-resource export sector).

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Assessment of the Structural Changes Under Transition of Ukraine Towards Postindustrial Economy

Danylchuk¹,

Kovtun²,

Opalenko³

2019

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The purpose of this study is to assess the structural changes in the national economy of Ukraine, the countries of the European Union, the USA and the Republic of Bilorus, which is supposed to be implemented through the use of an integrated indicator of the assessment of structural changes in the sectoral structure of The choice of components of the integral indicator for structural changes is due to the sectoral division of GDP into industry, agriculture and services. The proposed integral indicator reflects the harmonious (ideal) GDP structure peculiar to the post-industrial economy, while deviations in the real structure indicate structural changes in the national economy of Ukraine, the European Union, the USA and the Republic of Bilorus. The article presents the results of the calculation of the integral indicator of structural changes in the sectoral structure of GDP and its structural elements. Besides, the article provides analysis of the reasons for the deviations of real indicators from the harmonious ones. The calculations show the crisis phenomena both in the Ukrainian economy and in the EU, the USA and the Republic of Belarus.The domestic economy demonstrates significant deviations in virtually all sectors, indicating a low level of economy, a mismatch between supply and demand in the labor market, a low level of innovation, and the inertia of transformational processes within the transition to the post-industrial stage of production. The ISSN 2707-5036 . 2019 4 102application of the proposed methodology will allow us to identify strategic directions for the development of national economy sectors and develop forecast scenarios.

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Structural Change and a Constant Growth Path in a Three-Sector Growth Model With Three Factors

Cited by 3 publications

References 39 publications

Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective

Models of structural change and Kaldor’s facts: Critical survey from the Cambridge Keynesian perspective

Influence of Internal and External Factors on the Structural Changes of National Economy: An Example of Ukraine

Assessment of the Structural Changes Under Transition of Ukraine Towards Postindustrial Economy

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