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A New Appraisal Of The Relationship Between Economic Growth And The Economic Structure

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Author Info

  • Viciu Tania-Georgia

    ()
    (Faculty of Commerce, ASE Bucharest, Romania)

  • Vasile Adrian

    ()
    (Faculty of Commerce, ASE Bucharest, Romania)

  • Costea Carmen-Eugenia

    ()
    (Faculty of Commerce, ASE Bucharest, Romania)

Abstract

A country’s potential for economic growth and its propensity for business development have long been associated with economic reshaping or restructuring. The numerous interdependencies that may exist between these phenomena are very difficult to grasp due to their complex nature. Economic growth can be seen as the outcome of various indigenous and exogenous factors that are to some extent interdependent. At a first glance, economic growth can be defined in terms of aggregate gain in productivity and competition, based on technological progress. On the other hand, when defining this process one cannot ignore the importance played by the economic structure and the consequent effects generated.

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File URL: http://www.rebe.rau.ro/RePEc/rau/jisomg/SP12/JISOM-SP12-A2.pdf
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Bibliographic Info

Article provided by Romanian-American University in its journal Journal of Information Systems and Operations Management.

Volume (Year): 6 (2012)
Issue (Month): 1 (May)
Pages: 10-18

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Handle: RePEc:rau:journl:v:6:y:2012:i:1:p:10-18

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Related research

Keywords: economic structure; aggregate economic growth; structural change; real value added; productivity; tertiarization;

References

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  1. Marcel P. Timmer & Gaaitzen J. de Vries, 2009. "Structural change and growth accelerations in Asia and Latin America: a new sectoral data set," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), Association Française de Cliométrie (AFC), vol. 3(2), pages 165-190, June.
  2. Boratav, Korkut & Turel, Oktar & Yeldan, Erinc, 1996. "Dilemmas of structural adjustment and environmental policies under instability: Post-1980 Turkey," World Development, Elsevier, Elsevier, vol. 24(2), pages 373-393, February.
  3. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, Econometric Society, vol. 60(2), pages 323-51, March.
  4. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth Through Creative Destruction," Scholarly Articles, Harvard University Department of Economics 12490578, Harvard University Department of Economics.
  5. Andreas Dietrich, 2012. "Does growth cause structural change, or is it the other way around? A dynamic panel data analysis for seven OECD countries," Empirical Economics, Springer, Springer, vol. 43(3), pages 915-944, December.
  6. Aghion, Philippe & Howitt, Peter, 1994. "Growth and Unemployment," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 61(3), pages 477-94, July.
  7. Hondroyiannis, George & Lazaretou, Sophia, 2004. "Inflation persistence during periods of structural change: an assessment using Greek data," Working Paper Series, European Central Bank 0370, European Central Bank.
  8. Bhattacharya, Rina, 1997. "Pace, sequencing and credibility of structural reforms," World Development, Elsevier, Elsevier, vol. 25(7), pages 1045-1061, July.
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Cited by:
  1. Tania Georgia Viciu & Antoniu Ovidiu Balint & Carmen Eugenia Costea, 2014. "Quality of life: a multifaceted approach. A review of 'Measuring Equitable and Sustainable Well-being in Italy' by Enrico Giovannini and Tommaso Rondinella," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, Alliance of Central-Eastern European Universities, vol. 3(1), pages 5-10, March.

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