Structural Transformation in Developed and Developing Countries

El-hadj Bah

MPRA Paper from University Library of Munich, Germany

Abstract: Dierences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross- country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries all followed the same process. In this paper, I compare structural transformation processes in developed and developing countries. I nd that developing countries follow distinct structural transformation paths that deviate from that followed by developed countries. A puzzling nding is the presence of substantial sectoral changes during times of economic stagnation or decline.

Keywords: Africa; Asia; Latin America; Structural Transformation; Eco- nomic Development; Structural Change (search for similar items in EconPapers)
JEL-codes: O10 O11 O14 O57 (search for similar items in EconPapers)
Date: 2007-11, Revised 2008-09-19
New Economics Papers: this item is included in nep-afr and nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:10655

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