| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11804 |
| DP11804 The Recent Growth Boom in Developing Economies: A Structural-Change Perspective | |
| Dani Rodrik; Xinshen Diao; Margaret McMillan | |
| 发表日期 | 2017-01-25 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Growth has accelerated in a wide range of developing countries over the last couple of decades, resulting in an extraordinary period of convergence with the advanced economies. We analyze this experience from the lens of structural change – the reallocation of labor from low- to high-productivity sectors. Patterns of structural change differ greatly in the recent growth experience. In contrast to the East Asian experience, none of the recent growth accelerations in Latin America, Africa, or South Asia was driven by rapid industrialization. Beyond that, we document that recent growth accelerations were based on either rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely both at the same time. The African experience is particularly intriguing, as growth-enhancing structural change appears to have come typically at the expense of declining labor productivity growth in the more modern sectors of the economy. We explain this anomaly by arguing that the forces that promoted structural change in Africa originated on the demand side, through either external transfers or increase in agricultural incomes. In contrast to Asia, structural change was the result of increased demand for goods and services produced in the modern sectors of the economy rather than productivity improvements in these sectors. |
| 主题 | Development Economics ; Macroeconomics and Growth |
| URL | https://cepr.org/publications/dp11804 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540617 |
| 推荐引用方式 GB/T 7714 | Dani Rodrik,Xinshen Diao,Margaret McMillan. DP11804 The Recent Growth Boom in Developing Economies: A Structural-Change Perspective. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
