Sectoral growth accounting and structural change in post-war Europe

1997 ◽  
pp. 84-164 ◽  
Author(s):  
Bart van Ark
Keyword(s):  
Structural Change ◽  
Growth Accounting ◽  
Sectoral Growth ◽  
Post War

scholarly journals Immigration and structural change: Evidence from post-war Germany

2014 ◽  
Vol 93 (2) ◽  
pp. 253-269 ◽  
Author(s):  
Sebastian Braun ◽  
Michael Kvasnicka
Keyword(s):  
Structural Change ◽  
Post War

scholarly journals Structural change and non-constant biased technical change

2017 ◽  
Vol 17 (2) ◽  
Author(s):  
Edgar Cruz
Keyword(s):  
Twentieth Century ◽  
World War Ii ◽  
Structural Change ◽  
Technical Progress ◽  
Technical Change ◽  
Structural Transformations ◽  
World War ◽  
Tfp Growth ◽  
Sectoral Growth ◽  
The U.S

AbstractEmpirical evidence suggests that the differences in rates of technical progress across sectors are time-variant, implying that the bias in technological change is not constant. In this paper, we analyze the implications of this non-constant sectoral biased technical change for structural change and we assess whether this is an important factor behind structural transformations. To this end, we develop a multi-sectoral growth model where TFP growth rates across sectors are non-constant. We calibrate our model to match the development of the U.S. economy during the twentieth century. Our findings show that, by assuming non-constant biased technical change, a purely technological approach is able to replicate the sectoral transformations in the U.S. economy not only after but also prior to World War II.

Structural Change in European Labour Markets

1996 ◽  
Vol 155 ◽  
pp. 81-89 ◽  
Author(s):  
Julian Morgan
Keyword(s):  
Structural Change ◽  
Real Wage ◽  
Wage Growth ◽  
Labour Markets ◽  
European Countries ◽  
Upward Trend ◽  
Post War

In recent years considerable attention has been paid to the condition of labour markets in Europe. The recession of the early 1990s saw unemployment reach a post war high in a number of European countries. As Chart 1 shows unemployment has shown a secular upward trend in Germany, Italy and most notably, Spain. Real wage growth was also slower in the 1980s and 1990s than it had been in the 1970s (Chart 2).

In search of structural change surplus and perpetual growth in Ethiopia

2016 ◽  
Vol 7 (2) ◽  
pp. 241-255 ◽  
Author(s):  
Zerayehu Sime Eshete ◽  
Peter Kiko Kimuyu
Keyword(s):  
Structural Change ◽  
Total Factor Productivity ◽  
Service Sector ◽  
Sustainable Growth ◽  
Growth Options ◽  
Factor Productivity ◽  
Content Type ◽  
Growth Option ◽  
Current Path ◽  
Sectoral Growth

Purpose – The Ethiopian economy is characterized by erratic and poor performance with negative growth rates, seven times over the period 1981-2010. This trapped per capita income at 358 USD in 2010 staying far away from middle-income country status. A lot of unsolved debates regarding perpetual growth, structural change and sectoral allocation of resource emerged overtime. The purpose of this paper is to examine the alternative effects of induced sectoral total factor productivity and makes comparisons of various sectoral growth options. Design/methodology/approach – This study uses a recursive dynamic computable general equilibrium model based on neoclassical-structuralist thought. It also calibrates coefficients that capture the impacts of openness, imported capital and liberalization on sectoral total factor productivity growth using a model of vector auto-regressive with exogenous variables. Findings – Future economic growth rate is expected to grow at a declining trend and to be dominated by the service sector. If it keeps growing on the current path it will expose the economy to a severe structural change burden problem. Openness induced agricultural total factor productivity highly improves the welfare of households while imported capital goods induced industrial total factor productivity is also better in fostering structural change of the economy. The broad-based growth option that combines the induced total factor productivity of all sectors also enables the economy to achieve more sustainable growth, rapid structural change and welfare gain at the same time. Originality/value – There are intensive and charged debates regarding alternative sectoral growth options. However, the debate does not derive from a rigorous analysis and holistic economy-wide approach. It is rather affiliated with politics. Therefore, the paper is original and investigates these issues meticulously.

Endogenous Innovation, Trend Growth, and the British Industrial Revolution: Reply to Greasley and Oxley

1997 ◽  
Vol 57 (4) ◽  
pp. 950-956 ◽  
Author(s):  
N. F. R. Crafts ◽  
Terence C. Mills
Keyword(s):  
Structural Change ◽  
Technological Change ◽  
Industrial Revolution ◽  
Growth Accounting ◽  
Growth Theory ◽  
Endogenous Innovation ◽  
Eighteenth And Nineteenth Centuries ◽  
Trend Growth

David Greasley and Les Oxley provide an interesting but ultimately unconvincing chalenge to the perspective on the British Industrial Revolution that we have set out in recent articles1. We believe that the issues that they raise are important and deserve a full response. Thus, we take the opportunity to clarify ideas on growth theory and its implications for growth accounting, to review the econometrics of estimating trend growth in an economy undergoing structural change, and to reconsider the persuasiveness of different views of the nature of technological change in the eighteenth and nineteenth centuries.

Structuralist Contributions to Development Thinking

2021 ◽  
pp. 21-49
Author(s):  
Nicola Cantore ◽  
Ludovico Alcorta
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Growth And Development ◽  
Income Elasticity ◽  
Common Denominator ◽  
Economic Growth And Development ◽  
Industrial Sectors ◽  
The Common ◽  
Post War

This chapter reviews the structuralist contributions to thinking about economic growth and development. The chapter begins by tracing the roots of structuralism back to the classical economists such as Smith, Ricardo, and Quesnay. The common denominator of structuralist thought is the emphasis on breaking down the economy into different industrial sectors and examining the effects of sectoral developments on aggregate economic development. This contrasts with neoclassical thinking, which in all its varieties, tends to focus on the macro-economy without a breakdown into sectors. The authors go on to discuss early contributions, post-war contributions, and recent contributions. They analyse the major drivers of structural change. These include technology which changes the structure and composition of demand, productivity trends within sectors, and the role of demand and income elasticity.

Growth and Crisis in the Central American Economies, 1950—1980

1983 ◽  
Vol 15 (2) ◽  
pp. 365-398 ◽  
Author(s):  
Hector Perez Brignoli ◽  
Yolanda Baires Martinez
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Social Conflict ◽  
Central American ◽  
Economic Sector ◽  
Upward Trend ◽  
American Life ◽  
Export Sector ◽  
Technological Modernization ◽  
Post War

Prosperity and increasing inequality may well be the most suitable terms to describe at first glance the evolution of the Central American economies from the post-war period until the beginning of the eighties. Prosperity based on a very favourable external economic situation was characteristic of the fifties, with promotion of technological modernization and some diversification in the export sector. Sustained economic growth continued during the following decade, thanks to structural change brought about by industrialization and by the process of Central American integration. This upward trend began to break up in the seventies, and the whole region was plunged into crisis and instability. Although the gloomy side of the new international situation cannot be denied, twenty or thirty years of prosperity seem to have created internal conditions sufficient to nurture a social conflict of vast proportions, which embraces since at least 1978 not only the economic sector but all aspects of Central American life.

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