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...

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 formulate economic laws of long-run labor re-allocation across agriculture, manufacturing, and services based on empirical evidence and derive the implications of these laws for the future (transitional and limit) labor allocation dynamics in developed and developing countries. Our approach...

We suggest a simple, interdisciplinary, qualitative, system-theoretical model of long-run environmental development, where the dynamics of environmental quality are determined by the interactions across the political, economic, ecological/natural, and socio-cultural systems. The resulting model...

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...

The Cobb-Douglas production function (henceforth, "CDPF") is a widespread and useful tool in growth theory. However, the empirical evidence regarding the adequacy of the (aggregate) CDPF has been discussed controversially. By using an axiomatic/geometrical approach, we show that sector-level...

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...

This paper is devoted to the study of structural dynamics. The focus is on labor-allocation-dynamics in a tree-sector-economy. However, our approach can be applied to other types of structural change (e.g. income-distribution-dynamics). In contrast to the previous literature our assumptions are...