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Varieties of Structural Transformation: Patterns, Determinants, and Consequences
Varieties of Structural Transformation: Patterns, Determinants, and Consequences
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The process of structural transformation, which involves the movement of workers from agriculture to manufacturing and services, is a key feature of modern economic growth. This study identifies different routes to structural transformation in low and middle-income countries and assesses the theoretical, empirical, and policy implications of these varieties. It also conducts descriptive and econometric analysis of the drivers of structural transformation and the relationship between structural transformation and inequality. The study has policy implications for developing countries.
Format: Hardback
Length: 75 pages
Publication date: 21 September 2023
Publisher: Cambridge University Press
Structural transformation is a crucial aspect of modern economic growth, involving the movement of workers from agriculture to manufacturing and services. In this study, the author explores various routes to structural transformation observed in developing countries. They examine the theoretical, empirical, and policy implications of these transformations, particularly in low and middle-income nations.
The study begins by presenting a comprehensive dataset that captures the stylized facts of structural transformation across different regions and countries. This dataset serves as a foundation for further analysis.
Next, the author assesses the classical and neoclassical approaches to structural transformation and reviews the recent theoretical developments in the literature. This section provides a comprehensive overview of the existing knowledge on the topic
The study then conducts descriptive and econometric analysis to identify the drivers of structural transformation and examine the relationship between structural transformation and inequality. The author employs various statistical techniques to analyze the data and draw meaningful conclusions.
Finally, the study assesses the policy implications of the findings for developing countries. The author suggests strategies and policies that can promote structural transformation, reduce inequality, and foster sustainable economic growth.
This title is also available as Open Access on Cambridge Core, allowing scholars and researchers worldwide to access and benefit from the research.
Weight: 306g
ISBN-13: 9781009449915
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