
doi: 10.2139/ssrn.2401202
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 neoclassical growth theories can be classified as "theories of structural change" and (ii) many theorems of neoclassical growth literature are a direct implication of this classification. In this way we provide uniform discussion of some central topics of neoclassical growth literature dealing with the dynamics of: functional income distribution, savings rate, consumption structure, cross-sector labour allocation and personal income distribution.
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