Structural change is a relatively simple (continuous) process having restricted limit-properties. All processes which can be classified as "structural change" inherit these limit-properties. Limit-properties of processes play an important role in neoclassical growth theory. We show that (i) many...

Most growth models assume that some of the model parameters that are determined in non-economic systems are exogenous and constant. Such non-economic parameter constancy assumptions (abbr. ‘NEPCAs') seem inevitable in economic growth modeling, yet they are not necessarily consistent with the...

Heterogeneous goods are produced by heterogeneous sectors in an economy. The fact that there is inter-sectoral technology-heterogeneity is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a...