How Structural Change Differs, and Why it Matters (for Economic Growth)

摘要: Several types of theoretical literature on the topic trade, growth and specialisation, including neoclassical approaches, post-Keynesian some models in evolutionary economics, have shown that it is possible enjoy higher rates economic growth, given presence certain sectors economy, being high-tech or fast-growing sectors. This paper investigates these propositions empirically. Basically idea to conduct a constant market share (CMS) analysis, afterwards include obtained effects regression models, using panel data techniques explaining aggregate growth. The results display fixed model most appropriate technique, this tool, initial level income (the catch up variable) significant has negative sign as expected. investment (growth capital stock) variable also significant, while adaptation effect (measuring whether country question actively (more than average country) moved into slow fast growing sectors) only (positive sign) CMS effects. Hence, concluded dynamism terms structural change required by countries order achieve high levels at macro level. final part deals with (as measured analysis) are not. Based comparison between OECD vector from one hand, R&D intensities 22 (for 1970s for 1980s), other, general