Distributional dynamics of sectoral change in the long run
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Date
2017.
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Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in the Social Sciences, 2017.
Abstract
This thesis explores the link between structural change and income distribution by using a two sector endogenous growth model with heterogeneous agents. Asymmetric external effects which stem from the “catching up with Joneses” type preferences, create structural transformation between sectors. Analytical and numerical solutions of the model indicate the unbalanced growth among production sectors. Simulation results point out that the conventional preference structure gives the same distributional dynamics.