Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
988656 | Structural Change and Economic Dynamics | 2010 | 10 Pages |
Abstract
The main characteristics of the economic growth of nations are a sustained increase in the growth of output and factor productivity and a widespread process of structural transformation. In this paper I contrast two of the few important authors that do not ignore structural change: Kuznets and Pasinetti. Over several decades the two approaches have developed in an almost orthogonal manner. I discuss the reasons and evaluate the relevance of the approaches for the study of economic development.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Moshe Syrquin,