Industrial Structural Change, Growth Patterns, and Industrial Policy

Ludovico Alcorta, Nobuya Haraguchi and Gorazd Rezonja
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Ludovico Alcorta: UNIDO
Nobuya Haraguchi: UNIDO
Gorazd Rezonja: UNIDO

Chapter 6.1 in The Industrial Policy Revolution II, 2013, pp 457-491 from Palgrave Macmillan

Abstract: Abstract Economic growth and development are intrinsically linked to changes in the structure of economic activity. Diversification away from agriculture into manufacturing and, eventually, services (intersectoral structural change), triggers a process of sustained growth. As the share of the total workforce in the primary sector declines in favor of the manufacturing (secondary) and service (tertiary) sectors, the intersectoral process of resource allocation results in systemic changes in the composition of domestic demand, generating a continuous rise in the level of skills, productivity and wages, and, as a consequence, increasing consumer purchasing power.

Keywords: Labor Productivity; Employment Growth; Industrial Policy; Labor Productivity Growth; Beverage Industry (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33523-4_18

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DOI: 10.1057/9781137335234_18

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