The Role of Productivity, Transportation Costs, and Barriers to Intersectoral Mobility in Structural Transformation »
Series: IMF Working Papers
Author(s): Cem Karayalcin , and Mihaela Pintea
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 April 2015
Keywords: Structural transformation, Subsistence agriculture, multi-sector models, Economic development, Transportation costs, transportation, agriculture, costs, productivity, General
The process of economic development is characterized by substantial reallocations of resources across sectors. In this paper, we construct a multi-sector model in which there are barriers to the movement of labor f...