The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, economy-wide barriers to entry...

The sectoral allocation of labor differs considerably across developed economies, even in the presence of similar patterns of structural change. A general equilibrium model that captures the stylized facts of structural change is presented. In this framework, economy-wide barriers to entry...

Many empirical studies show the paradoxical fact that service output in proportion to industrial output does not tend to decline, in spite of rising service prices. Baumol's "cost disease" model well explains rising service prices, but it simply assumes that the output proportion remains...

"This groundbreaking study develops a new approach to understanding the formation of the post-revolutionary state in Mexico. Adam Morton links the rise and demise of the modern Mexican state to ongoing forms of class struggle that have shaped and restructured state and civil society. He thus...