Varieties of Structural Transformation: Patterns, Determinants, and Consequences

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: Paperback / softback
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 comprehensive 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.

To begin, the author presents a comprehensive dataset that captures the stylized facts of structural transformation across different regions and countries. This dataset serves as a valuable resource for analyzing the patterns and trends of structural change.

Next, the study assesses the classical and neoclassical approaches to structural transformation, reviewing the key theories and models employed in this field. It also explores the recent theoretical developments in the literature, shedding light on new insights and perspectives.

The third phase of the study involves a descriptive and econometric analysis of the drivers of structural transformation. The author examines the factors that influence the shift from agriculture to manufacturing and services, such as human capital, technological advancements, trade policies, and government interventions. By analyzing these drivers, the study seeks to understand the mechanisms underlying structural change and its impact on economic growth and inequality.

Finally, the study assesses the policy implications of our findings for developing countries. It discusses the strategies and policies that can promote structural transformation, including investment in education and training, infrastructure development, trade liberalization, and targeted government interventions. The study emphasizes the importance of a holistic and integrated approach to structural transformation, considering both economic and social dimensions.

This title is also available as Open Access on Cambridge Core, allowing scholars and researchers worldwide to access and benefit from the insights presented in this study.

Weight: 180g
Dimension: 152 x 227 x 9 (mm)
ISBN-13: 9781009449953