scholarly journals Structural change and economic growth in modern Russia: The role of “resource-type” regions

2017 ◽  
Vol 53 ◽  
pp. 012020 ◽  
Author(s):  
SN Levin ◽  
DV Kislitsyn ◽  
KS Sablin
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Resource Type

scholarly journals DESENTRALISASI FISKAL DAN PERUBAHAN STRUKTUR EKONOMI: STUDI PERBANDINGAN KAWASAN SULAWESI DAN JAWA

2018 ◽  
Vol 18 (4) ◽  
pp. 431-451
Author(s):  
Muh. Amir Arham
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Public Goods ◽  
Fiscal Decentralization ◽  
Economic Structure ◽  
Panel Analysis ◽  
Primary Sector ◽  
Efficiency And Effectiveness ◽  
Negative Effect

Fiscal decentralization policies by giving greater authority to the regions to create efficiency and effectiveness to provide public goods, because the area is considered better understand the preferences of the community. Besides, fiscal decentralization policies can accelerate economic growth and changes in economic structure that has a devastating impact on the region is still considered backward. In general, backward areas still rely on primary sectors such districts/municipalities in Sulawesi, while the districts/municipalities in Java, relying on non-primary sector tends to be more advanced. Therefore, in general the economy is still underdeveloped Sulawesi compared to Java. The purpose of this research is to analyze the effect of fiscal decentralization on economic structural change districts/municipalities by comparing the two areas considered different economic structure,  Sulawesi and Java. By using a panel analysis of data from 2001-2010 results showed that the fiscal decentralization policies has no effect on changes in the economic structure in Sulawesi. Java, while in the region shows that the negative effect of fiscal decentralization, it means diminishing the role of the primary sector, which leads to changes in the economic structure.

Technological Revolutions, Structural Change, and Catching up

2021 ◽  
pp. 131-155
Author(s):  
Jan Fagerberg ◽  
Bart Verspagen
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Structural Change ◽  
Final Section ◽  
Foreign Technology ◽  
Technological Revolution ◽  
The Past ◽  
Catching Up

This chapter interprets the transition to a more sustainable type of growth as a technological revolution in progress. The chapter opens with a general discussion of the role of technological revolutions and structural change and economic growth, with special emphasis on the acquisition of foreign technology, exports, and catching-up-based growth. It then goes on to examine whether the transition to renewable energy can be seen as a technological revolution in line with the great technological revolutions of the past. The answer to this question is in the affirmative. The final section discusses the implications of this for catching-up-based growth in China and other developing countries.

Do International Tourism, Structural Changes, Trade Openness and Economic Growth Matter in determining CO2 emissions in Pakistan?

2020 ◽  
Author(s):  
Wajahat Alia ◽  
Farah Sadiqb ◽  
Tafazal Kumail ◽  
As’ad Aburumman
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Structural Change ◽  
Co2 Emissions ◽  
Structural Changes ◽  
Trade Openness ◽  
Causality Test ◽  
Long Run ◽  
International Tourist

The present study investigates the role of international tourist arrivals, structural change, consumption of energy, international trade and economic growth on CO2 emissions in Pakistan over a period of 1980-2017. The study employed ARDL model which revealed that there is a strong positive long-run association between CO2 emission and its determinants except for structural changes and trade which have no significant impact on CO2 emissions. Results reveal that tourism activities in Pakistan are environment friendly and it can add to preserve the scenic areas and major visitors spots in the country to attract more visitors to increase the revenue of the country. The study further applied Granger causality test and ratifies unidirectional causality from structural change, international tourist arrivals and consumption of energy towards CO2 except from international trade. Moreover, this study employed DOLS technique to get long-run robust estimates.

scholarly journals The entrepreneurial rent: the value of and compensation for entrepreneurship

2017 ◽  
Vol 6 (1) ◽  
pp. 11-25 ◽  
Author(s):  
Magnus Henrekson ◽  
Mikael Stenkula
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Neoclassical Economics ◽  
Content Type ◽  
Market Rate ◽  
Ex Post ◽  
Major Shortcoming ◽  
Policy Measures ◽  
Conceptual Paper

Purpose The purpose of this paper is to show that entrepreneurship can be fruitfully analyzed by positing that entrepreneurs are searching for rates of return exceeding the risk-adjusted market rate of return, i.e., they try to create or discover economic rents. Design/methodology/approach A conceptual paper trying to bridge the gap between neoclassical economics and the entrepreneurship field by seeing entrepreneurship as the search for and creation of (entrepreneurial) rents. Findings In the short to medium term the search for and creation of entrepreneurial rents give rise to supernormal profits if successful. In the longer term these rents are dissipated and accrue to society at large as cheaper and better products. Entrepreneurial rents are crucial for bringing about the innovation and continuous structural change required to generate economic growth. Practical implications The search for entrepreneurial rents is crucial for economic development. Without the possibility to earn entrepreneurial rents, no entrepreneur would be willing to exercise entrepreneurship and exploit entrepreneurial opportunities. Successful entrepreneurship attracts imitating firms that push back profits to normal levels and the benefits of the innovation will be diffused to consumers. Social implications Understanding the role of entrepreneurship and its compensation is crucial for analyses of potential policy measures. High ex post compensation for successful entrepreneurship cannot be taxed harshly without affecting entrepreneurs’ willingness to supply effort. Originality/value The entrepreneurial function and its compensation are often neglected in neoclassical economics. This is a major shortcoming, as the presence of and search for entrepreneurial rents are necessary for bringing about the innovation and structural change that result in economic growth.

scholarly journals Role of Structural Change in Economic Growth: An Empirical Evidence from a Panel of Asian Countries

2020 ◽  
Vol 4 (2) ◽  
pp. 345-360
Author(s):  
Umar Riaz ◽  
Babar Hussain ◽  
Arshad Ali Bhatti
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Aggregate Productivity ◽  
Asian Countries ◽  
High Productivity ◽  
Generalized Methods Of Moments ◽  
Alternative Measures ◽  
Change Promotion ◽  
Methods Of Moments

Economic growth, although being a major quest of all the economies, is not an automatic phenomenon. Among its determinants, structural change in the form of reallocation of labour from low to high productivity sectors is of crucial importance. In view of the remarkable growth performance and unprecedented structural change of Asia in the last couple of decades, this paper empirically investigated the case of 20 selected Asian countries. By employing the data spanning from 1991 to 2018, the study shows three main results. First, by employing Shift Share Analysis framework, it reaffirms the findings of previous literature that structural change contributes to the aggregate productivity growth. Second, by utilizing Generalized Methods of Moments technique, the results find it to be an important booster of growth. Third, the results are reliable and consistent with alternative measures of structural change like Norm of Absolute Values and Modified Lilien Index. Taken together, these findings suggest that the governments in Asia (other regions like Africa and Latin America may alike) must chalk out policies for structural change promotion.

Structural Change and the Role of Demand

2021 ◽  
pp. 95-112
Author(s):  
Ricardo Azevedo Araujo ◽  
Joanílio Rodolpho Teixeira
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Productivity Growth ◽  
Technological Progress ◽  
Structural Changes ◽  
Supply And Demand ◽  
Supply Side ◽  
Demand Side ◽  
Sector Model

Structural economic dynamics is an approach that provides insights into the process of structural change, offering a synthesis between traditional supply and demand views of economic growth, with the supply side characterized by technological progress and the demand side driven by the Engel’s law. However, adequately considering structural change requires a framework for more fully accounting for the role of demand, and not leaving it as merely exogenous. With this inquiry dimensions of endogenous patterns of demand are selectively embedded in a Pasinetti multi-sector model, thus rendering structural changes endogenous. This stream of research provides a more inclusive and comprehensive panorama of the role of demand for structural change, connecting the evolving patterns of the demand with productivity growth.

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.

scholarly journals QUALITATIVE INPUT-OUTPUT ANALYSIS OF THE BRAZILIAN STRUCTURAL TRANSFORMATION, 2005 - 2014

2021 ◽  
Vol 25 (1) ◽  
Author(s):  
Henrique Morrone
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Structural Transformation ◽  
Economic Structure ◽  
Construction Sector ◽  
Input Output ◽  
Output Analysis ◽  
Input Output Analysis ◽  
Sustainable Economic Growth

ABSTRACT This paper investigates the changes to the essential economic structure of the Brazilian economy from 2005 to 2014. It uses the method of qualitative input-output analysis and its extensions, applied by Aroche-Reyes (1996) and Gosh and Roy (1998), to verify the pattern of structural change, the number of dynamic sectors, and to examine whether there has been change in the role of sectors in this period. The results indicate a change in the structure of the economy, leading to a decrease in intersector and intrasector economic linkages. In this context, the construction sector remains central, presenting a substantial number of important coefficients. However, the total number of important coefficients diminished in the whole period, indicating a deteriorated economic structure. This fact points to a restriction in the nation’s sustainable economic growth.

scholarly journals DESENTRALISASI FISKAL DAN PERUBAHAN STRUKTUR EKONOMI: STUDI PERBANDINGAN KAWASAN SULAWESI DAN JAWA

2017 ◽  
Vol 18 (4) ◽  
pp. 431
Author(s):  
Muh. Amir Arham
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Public Goods ◽  
Fiscal Decentralization ◽  
Economic Structure ◽  
Panel Analysis ◽  
Primary Sector ◽  
Efficiency And Effectiveness ◽  
Negative Effect

Fiscal decentralization policies by giving greater authority to the regions to create efficiency and effectiveness to provide public goods, because the area is considered better understand the preferences of the community. Besides, fiscal decentralization policies can accelerate economic growth and changes in economic structure that has a devastating impact on the region is still considered backward. In general, backward areas still rely on primary sectors such districts/municipalities in Sulawesi, while the districts/municipalities in Java, relying on non-primary sector tends to be more advanced. Therefore, in general the economy is still underdeveloped Sulawesi compared to Java. The purpose of this research is to analyze the effect of fiscal decentralization on economic structural change districts/municipalities by comparing the two areas considered different economic structure,  Sulawesi and Java. By using a panel analysis of data from 2001-2010 results showed that the fiscal decentralization policies has no effect on changes in the economic structure in Sulawesi. Java, while in the region shows that the negative effect of fiscal decentralization, it means diminishing the role of the primary sector, which leads to changes in the economic structure.

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