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Structural Change in the Developed Countries during the Twentieth Century

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  • Feinstein, Charles
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    Abstract

    The central theme of this paper is the process of structural change which occurred during the twentieth century in the leading industrial nations. The massive scale of the changes in all these countries is first illustrated by reference to the reallocation of the labour force between agriculture, industry, and the services, and the process of deindustrialization common to all these countries is highlighted. Alternative measures based on output data at current and constant prices are also considered. The paper then explores the main reasons for these shifts in the pattern of activity, looking at the interacting effects of demand- and supply-side factors. This is followed by an examination of some of the consequences of structural change, including the implications for the labour market and the overall growth of labour productivity. The final section speculates briefly about the likely implications for the less-developed countries following behind this advanced group. Copyright 1999 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

    Volume (Year): 15 (1999)
    Issue (Month): 4 (Winter)
    Pages: 35-55

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    Handle: RePEc:oup:oxford:v:15:y:1999:i:4:p:35-55

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    Web page: http://oxrep.oupjournals.org/

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    Cited by:
    1. Dietrich, Andreas & Kr├╝ger, Jens, 2010. "Numerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change," Darmstadt Discussion Papers in Economics 46865, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).
    2. Beugelsdijk, S. & Schaik, A.B.T.M. van, 2002. "Toward a Unified Europe? Explaining Cultural Differences by Economic Development, Cultural Heritage and Historical Shocks," Discussion Paper 2002-103, Tilburg University, Center for Economic Research.
    3. David Card & Richard B. Freeman, 2002. "What Have Two Decades of British Economic Reform Delivered?," NBER Working Papers 8801, National Bureau of Economic Research, Inc.
    4. Zoya Mladenova, 2005. "XX Century and the Evolution of the Economic Theory (Neoclassical Theory: Development of Microeconomics)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-23.
    5. David Card & Richard B. Freeman, 2002. "What Have Two Decades of British Economic Reform Delivered in Terms of Productivity Growth?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 5, pages 41-52, Fall.
    6. Mary Gregory & Giovanni Russo, 2004. "The Employment Impact of Differences in Dmand and Production," DEMPATEM Working Papers wp10, AIAS, Amsterdam Institute for Advanced Labour Studies.
    7. Dennis, Benjamin N. & Iscan, Talan B., 2007. "Productivity growth and agricultural out-migration in the United States," Structural Change and Economic Dynamics, Elsevier, vol. 18(1), pages 52-74, March.
    8. Michael Peneder & Serguei Kaniovski & Bernhard Dachs, 2003. "What follows tertiarisation? structural change and the role of knowledge-based services," The Service Industries Journal, Taylor & Francis Journals, vol. 23(2), pages 47-66, March.
    9. Yusuf, Shahid, 2001. "Globalization and the challenge for developing countries," Policy Research Working Paper Series 2618, The World Bank.
    10. Benjamin N. Dennis & Talan Iscan, 2007. "Accounting for Structural Change: Evidence from Two Centuries of U.S. Data," Department of Economics at Dalhousie University working papers archive account7, Dalhousie, Department of Economics.

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