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Kuznets and Pasinetti on the study of structural transformation: Never the Twain shall meet?

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  • Syrquin, Moshe

Abstract

The main characteristics of the economic growth of nations are a sustained increase in the growth of output and factor productivity and a widespread process of structural transformation. In this paper I contrast two of the few important authors that do not ignore structural change: Kuznets and Pasinetti. Over several decades the two approaches have developed in an almost orthogonal manner. I discuss the reasons and evaluate the relevance of the approaches for the study of economic development.

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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 21 (2010)
Issue (Month): 4 (November)
Pages: 248-257

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Handle: RePEc:eee:streco:v:21:y:2010:i:4:p:248-257

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Web page: http://www.elsevier.com/locate/inca/525148

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Keywords: Structural change Economic growth and development Kuznets Pasinetti;

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  1. Findlay, R. & Lundahl, M., 1992. "Natural Resources "Vent for Surplus" and the Staple Theory," Discussion Papers 1992_04, Columbia University, Department of Economics.
  2. Ngai, L. Rachel & Pissarides, Christopher, 2008. "Trends in hours and economic growth," Open Access publications from London School of Economics and Political Science http://eprints.lse.ac.uk/, London School of Economics and Political Science.
  3. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825.
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  8. Malinvaud, E, 1995. "Luigi Pasinetti's Structural Economic Dynamics: A Review Essay," Journal of Evolutionary Economics, Springer, vol. 5(1), pages 59-69, February.
  9. Robert W. Fogel, 1987. "Some Notes on the Scientific Methods of Simon Kuznets," NBER Working Papers 2461, National Bureau of Economic Research, Inc.
  10. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," NBER Working Papers 8460, National Bureau of Economic Research, Inc.
  11. Kuznets, Simon, 1971. "Modern Economic Growth: Findings and Reflections," Nobel Prize in Economics documents 1971-2, Nobel Prize Committee.
  12. Syrquin, Moshe, 1988. "Patterns of structural change," Handbook of Development Economics, in: Hollis Chenery† & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 7, pages 203-273 Elsevier.
  13. Syrquin, Moshe & Chenery, Hollis, 1989. "Three decades of industrialization," MPRA Paper 32771, University Library of Munich, Germany.
  14. Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor and Francis Journals, vol. 15(3), pages 315-394.
  15. Abramovitz,Moses, 1989. "Thinking about Growth," Cambridge Books, Cambridge University Press, number 9780521333962.
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  17. Pier Paolo Saviotti, 2001. "special issue: Variety, growth and demand," Journal of Evolutionary Economics, Springer, vol. 11(1), pages 119-142.
  18. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
  19. John Stanley Metcalfe, 2003. "Industrial Growth and the Theory of Retardation. Precursors of an Adaptive Evolutionary Theory of EconomicChange," Revue économique, Presses de Sciences-Po, vol. 54(2), pages 407-431.
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Citations

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Cited by:
  1. Nobuya Haraguchi & Gorazd Rezonja, 2011. "Emerging Patterns of Manufacturing Structural Change," Working Papers UNU-WIDER Working Paper W, World Institute for Development Economic Research (UNU-WIDER).
  2. Olczyk, Magdalena & Lechman, Ewa, 2011. "Structural convergence among selected European countries. Multidimensional analysis," MPRA Paper 33656, University Library of Munich, Germany.
  3. Matteo Lucchese, 2011. "Innovation, demand and structural change in Europe," Working Papers 1109, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2011.

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