Boppart, Timo; Weiss, Franziska - 2013
technical change, which is able to reconcile these findings. In doing so, this paper emphasizes the importance of directed … technical change, nonhomotheticity of preferences and structural change as a long-run phenomenon. Using the input-output tables … and (iii) long-run trends in relative TFP growth rates across sectors. We provide a tractable theory of industry directed …