Varieties of Structural Transformation

Patterns, Determinants, and Consequences

Kunal Sen (UNU-WIDER and University of Manchester)

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English

Cambridge University Press
21 September 2023

Economic growth; Development economics

Series: Elements in Development Economics

Summary
Details

One of the key features of modern economic growth is the process of structural transformation, which is the movement of workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural transformation that we see in the developing world. They address the theoretical, empirical and policy implications of the 'varieties of structural transformation' in low and middle income countries. Firstly, using a comparable high-quality dataset, they set out the stylized facts of structural transformation across the developing world. Secondly, they assess the classical and neoclassical approaches to structural transformation and review the recent theoretical developments in the literature. Thirdly, they undertake descriptive and econometric analysis of the drivers of structural transformation, and the relationship between structural transformation and inequality. Finally, they assess the policy implications of our study for developing countries. This title is also available as Open Access on Cambridge Core.

By: Kunal Sen (UNU-WIDER and University of Manchester)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 230mm, Width: 153mm, Spine: 6mm
Weight: 180g
ISBN: 9781009449953
ISBN 10: 1009449958
Series: Elements in Development Economics
Pages: 114
Publication Date: 21 September 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active