O que determina a mudança estrutural?: quantificando os impactos dos mercados interno e externo
Gustavo Britto and
Jorge Luís Ávila
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Carla Ávila: Cedeplar-UFMG
Jorge Luís Ávila: Auditor Federal de Finanças e Controle da Secretaria do Tesouro Nacional
No 568, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
The present work assesses the extent to which the foreign and domestic markets affect the process of structural change in a set of 40 countries, in the period 1995-2007. For this purpose, a shift-share identity was developed to discriminate productivity growth in terms of the domestic and foreign sources of demand. For the sample of countries, the decomposition analysis is based on a database of 35 sectors from World Input-Output Database (WIOD). The results showed that both the domestic and foreign markets strongly influenced the structural change in Asia and Eastern Europe, while Latin America (Brazil and Mexico) lagged behind mainly due to a low effect of the foreign market. For the higher development level regions, the foreign market was more relevant. Finally, the domestic and foreign markets seem to affect structural change through different channels.
Keywords: structural change; economic development; shift-share identity; domestic market; foreign market. (search for similar items in EconPapers)
JEL-codes: O47 O11 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hme and nep-sea
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