Structural Change Rediscovered: The Role of Human and Physical Capital

Pedro Miguel Gaspar Martins

No 139479, Research and Policy Briefs from The World Bank

Abstract: Changes in economic structures are an essential feature of development. But how are these brought about? A growing body of evidence underscores the transformative role that human and physical capital can have in enhancing and sustaining economic growth. Investments in education, health, and economic infrastructure need to be at the core of national policy agendas.

Keywords: Food Security; Economic Theory&Research; Economic Growth; Industrial Economics; Labor Markets; Textiles; Apparel&Leather Industry; Pulp&Paper Industry; General Manufacturing; Food&Beverage Industry; Common Carriers Industry; Construction Industry; Business Cycles and Stabilization Policies; Plastics&Rubber Industry; Transport Services (search for similar items in EconPapers)
Date: 2019-07-01
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