Structural change and economic growth
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Structural change and economic growth a theoretical essay on the dynamics of the wealth of nations by Luigi L. Pasinetti

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Published by Cambridge University Press in Cambridge [Eng.], New York .
Written in English


  • Economic development -- Mathematical models,
  • Statics and dynamics (Social sciences)

Book details:

Edition Notes

StatementLuigi L. Pasinetti.
LC ClassificationsHD75.5 .P37
The Physical Object
Paginationxv, 281 p. :
Number of Pages281
ID Numbers
Open LibraryOL4116365M
ISBN 10052123607X
LC Control Number80041496

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The overview lays out a unifying framework for thinking about economic growth as a combination of two challenges. The “structural change challenge” is focused on moving resources from traditional low-productivity activities into modern, more productive by: 3. World Bank. Prepared for the book Structural Change, Fundamentals, and Growth: A Framework and Country Studies, edited by Margaret Mc Millan, Dani Rodrik, and Claudia Sepúlveda. This project was funded by the World Bank Knowledge for Change Program. Chapter authors participated in a workshop at the World Bank, co-. Structural Change and Economic Dynamics publishes articles about theoretical and applied, historical and methodological aspects of structural change in economic systems. The journal publishes work analyzing dynamics and structural change in economic, technological, institutional and behavioral patterns. Articles might examine the effects of the. Read the latest articles of Structural Change and Economic Dynamics at , Elsevier’s leading platform of peer-reviewed scholarly literature.

ISBN: X OCLC Number: Notes: Erratum inserted. At foot of cover: Economic Planning Advisory Council. "June " AGPS cat no. 4. Effective structural change and economic growth. This section examines the causal link of the ESC index, which captures the magnitude of effective structural change, with key growth indicators. Before entering into rigorous analyses with econometric techniques, it is helpful to motivate this investigation with some illustrative evidence. Cited by: • Structural change contributed to growth in India, Nigeria, and Zambia, but it is not the kind of structural change that China and Vietnam enjoyed. Rather, the three countries have seen a less rapid decline in the employment share of low-productivity agriculture, exacerbated by the lack of a boom in labor-intensive manufacturing for by: The essence of the development process in such an economy is “the transfer of labour resources from the agricultural sector, where they add nothing to production, to the more modern industrial sector, where they create a surplus that may be used for further growth and development.”. In Lewis model the transformation process or the process of structural change starts by an .

Ethiopia aspires to attain structural change as a way forward to sustain its successive and rapid economic growth, but achieving it seems to be a complex task. The . One of the most significant characteristics of economic development is the process of structural change whereby the share of agriculture in GDP decreases as .   Structural Change: A structural change is an economic condition that occurs when an industry or market changes how it functions or operates. A structural change will shift the parameters of an. Structural Change and Economic Growth in China Shenggen Fan, Xiaobo Zhang, and Sherman Robinson* Abstract This study develops a new analytical framework to account for sources of rapid economic growth in China. The traditional Solow approach is expanded to include another source of economic growth—structural.