7 We present a model of structural change due to non-linear Engel-curves for consumer 8 goods. Goods are sequentially introduced starting out as a luxury with high income 9 elasticity and ending up as a necessity with low income elasticity. Although this leads to 10 rising and falling sectoral employment shares, the model exhibits a steady growth path 11 along which the Kaldor facts are satisfi...

This paper uses international disaggregated data to investigate the link between volatility and growth. We ...nd the relationship to depend on the level of aggregation. At the sectoral level, volatility is associated with high growth. We use non-parametric methods to show that within activity volatility is typically associated with net entry and higher (total factor) productivity. This is consi...

A key feature of the business cycle data is that output, employment and investment move up and down together in different sectors of the economy. However, standard business cycle models fail to generate this business cycle sectoral co-movement. In this paper we propose a two-sector business cycle model that generates the sectoral cycle co-movement in response to both contemporaneous shocks and ...

Myanmar’s external economic relations during the 2010s can be broadly characterized as processes of re-integration with outside world, thus paying way for diversification away from dependence on its preeminent neighbor, China. A close examination, however, reveals a complex set dynamics in Myanmar–China relations, particularly trade sector. sectoral value chain analysis shows that China rose ra...

Conventional methods for analysing worker flows often focus on gross flows or transition probabilities. This is not necessarily informative for identifying the scale of labour ‘adjustment’ in an economy in the sense of the expansion and decline of industries. We develop a method which relates the individual characteristics of workers to net, rather than gross flows. Our method also allows for i...

We examine the sources of aggregate labor productivity movements and convergence in the U.S. states from 1963 to 1989. Productivity levels vary widely across sectors and across states, as do sectoral output and employment shares. The main finding is the diverse performance of sectors regarding convergence. Using both cross-section and time series methods, we find convergence in labor productivi...

BACKGROUND Local and national governments have implemented sector-specific policies to support economic development through innovation, entrepreneurship and knowledge exchange. Supported by the Welsh Government through the European Regional Development Fund, The Life Science Exchange® project was created with the aim to increase interaction between stakeholders, to develop more effective knowle...