Since 2014
Sectoral Shifts and Cyclical Fluctuations
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Sectoral Shifts and Cyclical Fluctuations
Sectoral Shifts and Cyclical Fluctuations |
|
| Creator |
Rogerson, Richard
|
|
| Subject |
—
|
|
| Description |
This paper studies a two sector real business cycle model in which the sectors experience different trend rates of growth and labor mobility is costly. Predictions are derived concerning the correlation between sectoral reallocation of workers and the cycle. This correlation may be positive or negative depending upon whether the growing sector displays larger or smaller fluctuations than the shrinking sector. The post- World War II period has witnessed two major patterns of sectoral change in industrialized countries: movement out of agriculture and movement out of the industrial sector. The model's basic prediction is shown to be consistent with the observed pattern of reallocation.
Sectoral Shifts and Cyclical Fluctuations |
|
| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
|
|
| Contributor |
—
— |
|
| Date |
2010-03-11
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/241
|
|
| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 6, No 2 (1991); 37-46
Revista de Análisis Económico – Economic Analysis Review; Vol 6, No 2 (1991); 37-46 0718-8870 0716-5927 |
|
| Language |
eng
|
|
| Relation |
http://www.rae-ear.org/index.php/rae/article/view/241/436
|
|