The three-sector framework (relating to agriculture, manufacturing, and services) is one of the major concepts for studying the long-run dynamics of the economic structure. We summarize the empirical/theoretical literature consensus by formulating ‘economic laws’ of long-run structural...

Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...

The three-sector framework (relating to agriculture, manufacturing, and services) is one of the major concepts for studying the long-run dynamics of the economic structure. We summarize the empirical/theoretical literature consensus by formulating 'economic laws' of long-run structural change in...

Recent literature studies structural change in neoclassical multi-sector growth models. The literature focuses on the analysis of dynamic equilibriums (“aggregate balanced growth paths”). We study the transitional dynamics of a multi-sector Ramsey-model with non-homothetic preferences and...

We study the long-run labor reallocation dynamics in the three-sector framework relating to agriculture, manufacturing, and services. In particular, we depict the labor reallocation data provided by Maddison (1995) and WorldBank on standard simplexes, study the geometrical properties of the...

The three-sector framework (related to agriculture, manufacturing, and services) is one of the major concepts for studying the long-run change of the economic structure. We discuss the system-theoretical classification of the structural change phenomenon and, in particular, the applicability of...

To some extent, economic models are based on empirically unproven and metaphysical concepts and assumptions, which increases their ideology content and the risk of catastrophic misprediction of (long-run) economic dynamics. We discuss the channels along which ideology can enter economic dynamics...

In this paper, we discuss the models of continuous dynamics on the 2-simplex that arise when different qualitative restrictions are imposed on the (continuous) functions that generate the dynamics on the 2-simplex. We consider three types of qualitative restrictions: inequality (or...

Traditional structural change theories study the dynamics of inter-sector labour-reallocation in autarky models. We analyse how model-results change if open economy setting is assumed, where we focus on the impacts of intermediate trade in a multi-sector growth model with capital accumulation....