Kuznets and Pasinetti on the study of structural transformation: Never the Twain shall meet?
AbstractThe 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 InfoArticle provided by Elsevier in its journal Structural Change and Economic Dynamics.
Volume (Year): 21 (2010)
Issue (Month): 4 (November)
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Web page: http://www.elsevier.com/locate/inca/525148
Structural change Economic growth and development Kuznets Pasinetti;
Other versions of this item:
- Moshe Syrquin, 2007. "Kuznets and Pasinetti on the Study of Structural Transformation: Never the Twain Shall Meet?," ICER Working Papers 46-2007, ICER - International Centre for Economic Research.
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