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Denis Stijepic Author
Subjects of specialization
Affiliation
Structural change,Reallocation,Dynamics,Trajectory
Chair of Macroeconomics, Department of Economics, University of Hagen, Germany
Publications
Research Article Open Access
Empirical Evidence on the Geometrical Properties of Structural Change Trajectories
Author(s): Denis Stijepic
We study the long-run labor reallocation dynamics in the three-sector framework relating to agriculture, manufacturing, and services. In particular, we depict the labor reallocation data provided by Maddison and World Bank on standard simplexes, study the geometrical properties of the implied vector field, and derive the geometrical properties of stylized labor reallocation trajectories. Moreover, we discuss how these properties can be explained by the standard structural change literature and used for structural change analysis and prediction.
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