Structural Transformation in Developed and Developing Countries

El-hadj Bah

No 42, Proceedings of the German Development Economics Conference, Frankfurt a.M. 2009 from Verein für Socialpolitik, Research Committee Development Economics

Abstract: Differences 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; Economic Development; Structural Change (search for similar items in EconPapers)
JEL-codes: O10 O11 O14 O57 (search for similar items in EconPapers)
Date: 2009
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Working Paper: Structural Transformation in Developed and Developing Countries (2008)
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