Structural Change, Technology, and Economic Growth: Brazil and the CIBS in a Comparative Perspective
AbstractSchumepterian growth theory stresses the role of structural change in long run growth. Countries which increase the share of technology-intensive sectors in their economic structures benefit more from technological learning and innovation. In addition, they are more able to respond to changes in the international markets and to enter in sectors whose demand grows at higher rates. The paper compares Brazil and the CIBS from the point of view of the direction and intensity of structural change. It is suggested that structural change has been relatively weak in Brazil and that this is associated with a less dynamic growth performance since the 1980s.
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Bibliographic InfoPaper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Research Paper RP2008/105.
Length: 24 pages
Date of creation: 2008
Date of revision:
structural change; convergence and divergence; economic growth;
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