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Kuznets and Pasinetti on the Study of Structural Transformation: Never the Twain Shall Meet?

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Moshe Syrquin ()

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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 use of the approaches in the study of economic development.

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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 46-2007.

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Length: 17 pages
Date of creation: Mar 2007
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Handle: RePEc:icr:wpicer:46-2007

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  1. 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. [Downloadable!] (restricted)
  2. Kuznets, Simon, 1973. "Modern Economic Growth: Findings and Reflections," American Economic Review, American Economic Association, vol. 63(3), pages 247-58, June. [Downloadable!] (restricted)
  3. Rachel Ngai & Christopher Pissarides, 2006. "Trends in Hours and Economic Growth," 2006 Meeting Papers 56, Society for Economic Dynamics.
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  4. Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August. [Downloadable!] (restricted)
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  5. 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. [Downloadable!] (restricted)
  6. Piyabha Kongsamut & Danyang Xie & Sergio Rebelo, 2001. "Beyond Balanced Growth," IMF Working Papers 01/85, International Monetary Fund.
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  7. Malinvaud, E, 1995. "Luigi Pasinetti's Structural Economic Dynamics: A Review Essay," Journal of Evolutionary Economics, Springer, vol. 5(1), pages 59-69, February.
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