Abstract
The mathematical literature has developed a large pool of topological concepts and theorems for dynamic systems analysis. The aim of our paper is to make a first step towards the application of these concepts and theorems in the analysis of (long-run) structural change (in the three-sector framework). Our approach focuses on two of the most basic topological notions, namely intersection and self-intersection of trajectories on a two-dimensional domain. We discuss the mathematical foundations of the application of these concepts in structural change analysis, use them for analyzing empirical data, and elaborate new stylized facts stating that different countries’ structural change trajectories are (non-self-)intersecting. Finally, we discuss briefly the theoretical explanations of (non-self-)intersection and a wide range of new research topics relating to (a) the topological classification and comparison of models and evidence and (b) the application of (further) topological concepts in standard branches of growth and development theory.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.