Productivity Growth and Structural Transformation
Economies diversify and then re-specialize as they develop. These “stages of diversification” may result from productivity-driven structural change if initially resources are concentrated in industries other than those that dominate economic structure in the long run. A calibrated multi-industry gro...
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sg-smu-ink.soe_research-27062022-02-11T02:58:32Z Productivity Growth and Structural Transformation SAMANIEGO, Roberto SUN, Juliana Y. Economies diversify and then re-specialize as they develop. These “stages of diversification” may result from productivity-driven structural change if initially resources are concentrated in industries other than those that dominate economic structure in the long run. A calibrated multi-industry growth model with many countries and with industry differences in productivity growth rates replicates the main features of the “stages of diversification”. We also present evidence that countries systematically shift resources towards manufacturing industries with rapid productivity growth, and towards sectors with low productivity growth, consistent with the model and supporting the “productivity mechanism” for structural transformation. 2016-07-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1707 info:doi/10.1016/j.red.2015.06.003 https://ink.library.smu.edu.sg/context/soe_research/article/2706/viewcontent/ProductivityGrowthStructuralTransformation_2016.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Structural transformation Stages of diversification Productivity differences Economic development Economics Industrial Organization |
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Structural transformation Stages of diversification Productivity differences Economic development Economics Industrial Organization SAMANIEGO, Roberto SUN, Juliana Y. Productivity Growth and Structural Transformation |
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Economies diversify and then re-specialize as they develop. These “stages of diversification” may result from productivity-driven structural change if initially resources are concentrated in industries other than those that dominate economic structure in the long run. A calibrated multi-industry growth model with many countries and with industry differences in productivity growth rates replicates the main features of the “stages of diversification”. We also present evidence that countries systematically shift resources towards manufacturing industries with rapid productivity growth, and towards sectors with low productivity growth, consistent with the model and supporting the “productivity mechanism” for structural transformation. |
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SAMANIEGO, Roberto SUN, Juliana Y. |
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SAMANIEGO, Roberto SUN, Juliana Y. |
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SAMANIEGO, Roberto |
title |
Productivity Growth and Structural Transformation |
title_short |
Productivity Growth and Structural Transformation |
title_full |
Productivity Growth and Structural Transformation |
title_fullStr |
Productivity Growth and Structural Transformation |
title_full_unstemmed |
Productivity Growth and Structural Transformation |
title_sort |
productivity growth and structural transformation |
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Institutional Knowledge at Singapore Management University |
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2016 |
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https://ink.library.smu.edu.sg/soe_research/1707 https://ink.library.smu.edu.sg/context/soe_research/article/2706/viewcontent/ProductivityGrowthStructuralTransformation_2016.pdf |
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