Replication data for: Sectoral Technology and Structural Transformation
Principal Investigator(s): View help for Principal Investigator(s) Berthold Herrendorf; Christopher Herrington; Ákos Valentinyi
Version: View help for Version V1
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Project Citation:
Herrendorf, Berthold, Herrington, Christopher, and Valentinyi, Ákos. Replication data for: Sectoral Technology and Structural Transformation. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114062V1
Project Description
Summary:
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We assess how the properties of technology affect structural transformation, i.e., the reallocation of production factors across the broad sectors of agriculture, manufacturing, and services. To this end, we estimate sectoral constant elasticity of substitution (CES) and Cobb-Douglas production functions on postwar US data. We find that differences in technical progress across the three sectors are the dominant force behind structural transformation whereas other differences across sectoral technology are of second order importance. Our findings imply that Cobb-Douglas sectoral production functions that differ only in technical progress capture the main technological forces behind the postwar US structural transformation. (JEL E16, E25, O33, O47)
Scope of Project
JEL Classification:
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E16 General Aggregative Models: Social Accounting Matrix
E25 Aggregate Factor Income Distribution
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E16 General Aggregative Models: Social Accounting Matrix
E25 Aggregate Factor Income Distribution
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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