Sources of Economic Growth and Structural Change: An International Comparison

Shujiro Urata

Chapter 7 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 144-166 from Palgrave Macmillan

Abstract: Abstract Economic development and structural change result from the interaction of supply and demand factors. Supply factors include the accumulation and efficient use of factors of production such as labour and capital, whereas demand factors include changes in patterns of intermediate and final demand. Although economists realise the need for a simultaneous examination of both supply and demand factors in understanding the mechanisms of development and structural change, no studies have dealt with this issue satisfactorily. Instead, economists have tended to examine either supply or demand factors in isolation. In this paper we will follow the conventional approach, and analyse the effect of demand factors on economic growth and structural change.1

Keywords: Total Factor Productivity; Foreign Trade; Output Growth; Trade Strategy; Import Substitution (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-19746-0_7

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