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The estimated model parsimoniously accounts for the broad patterns of sectoral reallocation observed among rich, miracle, and developing economies. Our estimates support the presence of strong nonhomotheticity across time, income levels, and countries. We find that income effects account for the bulk of the within\u2010country evolution of sectoral reallocation.<\/jats:p>","DOI":"10.3982\/ecta16317","type":"journal-article","created":{"date-parts":[[2021,1,12]],"date-time":"2021-01-12T08:05:05Z","timestamp":1610438705000},"page":"311-374","source":"Crossref","is-referenced-by-count":273,"title":["Structural Change With Long\u2010Run Income and Price Effects"],"prefix":"10.3982","volume":"89","author":[{"given":"Diego","family":"Comin","sequence":"first","affiliation":[{"name":"Department of Economics, Dartmouth College"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Danial","family":"Lashkari","sequence":"additional","affiliation":[{"name":"Department of Economics, Boston College"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Mart\u00ed","family":"Mestieri","sequence":"additional","affiliation":[{"name":"Research Department, FRB of Chicago and Department of Economics, Northwestern U."}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2021]]},"reference":[{"key":"ecta200230-bib-0001","volume-title":"Introduction to Modern Economic Growth","author":"Acemoglu","year":"2008"},{"key":"ecta200230-bib-0002","doi-asserted-by":"crossref","first-page":"467","DOI":"10.1086\/589523","volume":"116","author":"Acemoglu","year":"2008","journal-title":"Journal of Political Economy"},{"key":"ecta200230-bib-0003","doi-asserted-by":"crossref","first-page":"2725","DOI":"10.1257\/aer.20120599","volume":"105","author":"Aguiar","year":"2015","journal-title":"American Economic Review"},{"key":"ecta200230-bib-0004","first-page":"127","volume":"3","author":"Alvarez-Cuadrado","year":"2011","journal-title":"American Economic Journal: Macroeconomics"},{"key":"ecta200230-bib-0005","doi-asserted-by":"crossref","first-page":"1140","DOI":"10.1086\/648995","volume":"117","author":"Battistin","year":"2009","journal-title":"Journal of Political Economy"},{"key":"ecta200230-bib-0006","first-page":"415","volume":"57","author":"Baumol","year":"1967","journal-title":"American Economic Review"},{"key":"ecta200230-bib-0007","doi-asserted-by":"crossref","unstructured":"Blackorby, C., and R. 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