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Growth and Structural Transformation

nber working PAPER SERIESGROWTH AND Structural TRANSFORMATIONB erthold HerrendorfRichard Rogerson kos ValentinyiWorking Paper 18996 BUREAU OF ECONOMIC RESEARCH1050 Massachusetts AvenueCambridge, MA 02138 April 2013We thank Francesco Caselli, Rachel Ngai, Todd Schoellman, and Gustavo Ventura for commentingon earlier versions of this manuscript and Christopher Herrington for excellent research financial support, Herrendorf thanks the Spanish Ministry of Education (Grants ECO2009-11165and ECO2012-31358), Rogerson thanks both the NSF and the Korea Science Foundation (WCU-R33-10005) and Valentinyi thanks the Hungarian Scientific Research Fund (OTKA) (Project K 105660 ny)The views expressed herein are those of the authors and do not necessarily reflect the views of theNational Bureau of Economic least one co-author has disclosed a financial relationship of potential relevance for this information is available online at working papers are circulated for discussion and comment purposes.

Growth and Structural Transformation Berthold Herrendorf, Richard Rogerson, and Ákos Valentinyi NBER Working Paper No. 18996 April 2013 JEL No. E20,O40

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