Productivity Growth and Structural Transformation

• Main Authors: SAMANIEGO, Roberto, SUN, Juliana Y.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Structural transformation; Stages of diversification; Productivity differences; Economic development; Economics; Industrial Organization
• Online Access: https://ink.library.smu.edu.sg/soe_research/1707; https://ink.library.smu.edu.sg/context/soe_research/article/2706/viewcontent/ProductivityGrowthStructuralTransformation_2016.pdf
• Institution: Singapore Management University

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...