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Structural Transformation and the Volatility of Aggregate Output in OECD Countries1

Structural Transformation and the Volatility of Aggregate Output in OECD Countries1 »

Source: Structural Transformation and the Volatility of Aggregate Output in OECD Countries

Volume/Issue: 2013/43

Series: IMF Working Papers

Author(s): Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2013

ISBN: 9781475548716

Keywords: Dynamic general equilibrium, Indivisible labor, Output volatility, Service sector, Structural transformation, employment share, labor productivities, Macroeconomic Analyses of Economic Development,

This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD-after controlling for the level of financial development. This result r...

Structural Transformation and the Volatility of Aggregate Output in OECD Countries

Structural Transformation and the Volatility of Aggregate Output in OECD Countries »

Volume/Issue: 2013/43

Series: IMF Working Papers

Author(s): Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 February 2013

DOI: http://dx.doi.org/10.5089/9781475548716.001

ISBN: 9781475548716

Keywords: Dynamic general equilibrium, Indivisible labor, Output volatility, Service sector, Structural transformation, employment share, labor productivities, Macroeconomic Analyses of Economic Development,

This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD-after controlling for the level of financial development. This result r...