Abstract

http://ssrn.com/abstract=1772431
 
 

References (5)



 
 

Citations (6)



 


 



Structural Change in Advanced Nations: A New Set of Stylised Facts


Dale W. Jorgenson


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Marcel P. Timmer


University of Gronigen - Faculty of Economics

February 17, 2011

Scandinavian Journal of Economics, Vol. 113, No. 1, pp. 1-29, 2011

Abstract:     
We provide new evidence on patterns of structural change in advanced economies, reconsidering the stylised facts put forward by Kaldor (1963), Kuznets (1971), and Maddison (1980). Since 1980, the services sector has overwhelmingly predominated in the economic activity of the European Union, Japan, and the US, but there is substantial heterogeneity among services. Personal, finance, and business services have low productivity growth and increasing shares in employment and GDP. By contrast, shares of distribution services are constant, and productivity growth is rapid. We find that the labour share in value-added is declining, while the use of ICT capital and skilled labour is increasing in all sectors and regions.

Number of Pages in PDF File: 29

Keywords: Structural change, productivity growth, ICT capital, skills, sectoral patterns

JEL Classification: N10, O3, O14, O41, O47

Accepted Paper Series


Date posted: February 28, 2011  

Suggested Citation

Jorgenson , Dale W. and Timmer, Marcel P., Structural Change in Advanced Nations: A New Set of Stylised Facts (February 17, 2011). Scandinavian Journal of Economics, Vol. 113, No. 1, pp. 1-29, 2011. Available at SSRN: http://ssrn.com/abstract=1772431 or http://dx.doi.org/10.1111/j.1467-9442.2010.01637.x

Contact Information

Dale W. Jorgenson (Contact Author)
Harvard University - Department of Economics ( email )
Littauer Center
Room 122
Cambridge, MA 02138
United States
617-495-4661 (Phone)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Marcel P. Timmer
University of Gronigen - Faculty of Economics ( email )
Postbus 72
9700 AB Groningen
Netherlands
Feedback to SSRN


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