Sectoral Structure and Economic Growth
AbstractThe main goal of the present work is to reveal the advantages of introducing the so-called structural coefficient (SC) in economic analysis. SC is defined as an indicator of the similarity between a given sectoral structure and another, which is admitted as a referential. Consequently, the paper is organized as follows. The first chapter is consecrated to computational formulas applicable for the estimation of such a measure. Ten possible algorithms are examined and five are retained as adequate for empirical investigations. The second chapter discusses, using WB Statistics for the World Economy, two important questions concerning the structural coefficient (SC): “Is SC an authentic “numeraire”? and “Can SC be rather considered as an “attractor”?”. The paper inclines towards the second supposition. In the third chapter, the famous binomial “sectoral structure-economic growth”, comments based on analytical valences of the structural coefficient (SC) are provided. With this aim, the Toda–Yamamoto version of Granger causality test is applied. Several conclusions and further research lines end the paper. The necessary statistical appendices and references are included.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institute for Economic Forecasting in its series Working Papers of Macroeconomic Modelling Seminar with number 112401.
Length: 34 pages
Date of creation: Jun 2011
Date of revision:
Contact details of provider:
Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
structure; structural coefficient; economic growth; Granger causality test;
Other versions of this item:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Foellmi, Reto & Zweimüller, Josef, 2008. "Structural change, Engel's consumption cycles and Kaldor's facts of economic growth," Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1317-1328, October.
- Sergio Rebelo & Piyabha Kongsamut & Danyang Xie, 2001.
"Beyond Balanced Growth,"
IMF Working Papers
01/85, International Monetary Fund.
- Kongsamut, P. & Rebelo, S. & Xie, D., 1997. "Beyong Balanced Growth," RCER Working Papers 438, University of Rochester - Center for Economic Research (RCER).
- Kongsamut, Piyabha & Rebelo, Sérgio & Xie, Danyang, 1997. "Beyond Balanced Growth," CEPR Discussion Papers 1693, C.E.P.R. Discussion Papers.
- Piyabha Kongsamut & Sergio Rebelo & Danyang Xie, 1997. "Beyond Balanced Growth," NBER Working Papers 6159, National Bureau of Economic Research, Inc.
- Robert Dixon & G. C. Lim & John Freebairn, 2010.
"Regional Beveridge Curves: A Latent Variable Approach,"
Melbourne Institute Working Paper Series
wp2010n15, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Robert Dixon & G. C. Lim & John Freebairn, 2014. "Regional Beveridge Curves: A Latent Variable Approach," Regional Studies, Taylor & Francis Journals, vol. 48(2), pages 254-269, February.
- Robert Dixon & G.C. Lim & John Freebairn, 2010. "Regional Beveridge Curves: A Latent Variable Approach," Department of Economics - Working Papers Series 1103, The University of Melbourne.
- Andreas Dietrich, 2009.
"Does Growth Cause Structural Change, or Is it the Other Way Round? A Dynamic Panel Data Analyses for Seven OECD Countries,"
Jena Economic Research Papers
2009-034, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- 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, vol. 43(3), pages 915-944, December.
- Horst Entorf, 2003. "Do Aggregate Measures Of Mismatch Measure Mismatch?A Time Series Analysis Of Existing Concepts," Labor and Demography 0312006, EconWPA.
- Syrquin, M. & Chenery, H.B., 1989. "Patterns Of Development, 1950 To 1983," World Bank - Discussion Papers 41, World Bank.
- Ricardo Reis & Mark W. Watson, 2007.
"Measuring changes in the value of the numeraire,"
Kiel Working Papers
1364, Kiel Institute for the World Economy.
- L. Rachel Ngai & Christopher A. Pissarides, 2004.
"Balanced Growth With Structural Change,"
CEP Discussion Papers
dp0627, Centre for Economic Performance, LSE.
- Christopher Pissarides & Rachel Ngai, 2004. "Balanced Growth with Structural Change," 2004 Meeting Papers 450, Society for Economic Dynamics.
- L. Rachel Ngai & Christopher Pissarides, 2004. "Balanced growth with structural change," LSE Research Online Documents on Economics 4658, London School of Economics and Political Science, LSE Library.
- Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-12, December.
- Allan G. B. Fisher, 1939. "Production, Primary, Secondary And Tertiary," The Economic Record, The Economic Society of Australia, vol. 15(1), pages 24-38, 06.
- Toda, Hiro Y. & Yamamoto, Taku, 1995. "Statistical inference in vector autoregressions with possibly integrated processes," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 225-250.
- Sinha, Dipendra & Sinha, Tapen, 2007. "Toda and Yamamoto Causality Tests Between Per Capita Saving and Per Capita GDP for India," MPRA Paper 2564, University Library of Munich, Germany.
- Echevarria, Cristina, 1997. "Changes in Sectoral Composition Associated with Economic Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 431-52, May.
- Pugno, Maurizio, 2006.
"The service paradox and endogenous economic growth,"
Structural Change and Economic Dynamics,
Elsevier, vol. 17(1), pages 99-115, January.
- Maurizio Pugno, 2003. "The service paradox and endogenous economic growth," Department of Economics Working Papers 0301, Department of Economics, University of Trento, Italia.
- Ester G. Silva & Aurora A. C. Teixeira, 2011.
"Does structure influence growth? A panel data econometric assessment of "relatively less developed" countries, 1979--2003,"
Industrial and Corporate Change,
Oxford University Press, vol. 20(2), pages 457-510, April.
- Ester Gomes da Silva & Aurora A.C. Teixeira, 2009. "Does structure influence growth? A panel data econometric assessment of ‘relatively less developed’ countries, 1979-2003," FEP Working Papers 316, Universidade do Porto, Faculdade de Economia do Porto.
- Montobbio, Fabio, 2002.
"An evolutionary model of industrial growth and structural change,"
Structural Change and Economic Dynamics,
Elsevier, vol. 13(4), pages 387-414, December.
- Fabio Montobbio, 2000. "An Evolutionary Model of Industrial Growth and Structural Change," KITeS Working Papers 121, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2000.
- Daron Acemoglu & Veronica Guerrieri, 2008.
"Capital Deepening and Nonbalanced Economic Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 116(3), pages 467-498, 06.
- Daron Acemoglu & Veronica Guerrieri, 2006. "Capital Deepening and Non-Balanced Economic Growth," NBER Working Papers 12475, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Veronica Guerrieri, 2006. "Capital Deepening and Non-Balanced Economic Growth," 2006 Meeting Papers 207, Society for Economic Dynamics.
- Baumol, William J & Blackman, Sue Anne Batey & Wolff, Edward N, 1985. "Unbalanced Growth Revisited: Asymptotic Stagnancy and New Evidence," American Economic Review, American Economic Association, vol. 75(4), pages 806-17, September.
- Hartwig, Jochen, 2012.
"Testing the growth effects of structural change,"
Structural Change and Economic Dynamics,
Elsevier, vol. 23(1), pages 11-24.
- Nicholas Economides & Andrzej Skrzypacz, 2004. "Standards Coalitions Formation and Market Structure in Network Industries," Microeconomics 0407008, EconWPA.
- Laitner, John, 2000. "Structural Change and Economic Growth," Review of Economic Studies, Wiley Blackwell, vol. 67(3), pages 545-61, July.
- John J. Wallis & Douglass North, 1986. "Measuring the Transaction Sector in the American Economy, 1870-1970," NBER Chapters, in: Long-Term Factors in American Economic Growth, pages 95-162 National Bureau of Economic Research, Inc.
- Dinu, Marin & Marinas, Marius-Corneliu & Socol, Cristian & Socol, Aura-Gabriela, 2014. "Testing the Endogeneity of Trade and Financial Integration and Sectoral Specialization in an Enlarged Euro Area," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 86-104, March.
- Stefanescu, Stefan, 2013. "Discovering the System Structure with Applications in Economic and Social Sciences," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 129-140, June.
- Jula, Dorin & Jula, Nicolae Marius, 2013. "Economic Growth and Structural Changes in Regional EmploymenT," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 52-69, June.
- Albu, Lucian Liviu, 2013. "Foreign Trade and FDI as Main Factors of Growth in the EU," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 7-17, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.