Acemoglu, Daron; Guerrieri, Veronica - Society for Economic Dynamics - SED - 2006
differences in factor proportions and capital deepening. Capital deepening tends to increase the relative output of the sector … with a greater capital share (despite the equilibrium reallocation of capital and labor away from that sector). We first …, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital share …