Schumepterian 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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Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Papers with number
UNU-WIDER Research Paper RP2008/105.
References listed on IDEAS 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.:
Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2005.
"What You Export Matters,"
NBER Working Papers
11905, National Bureau of Economic Research, Inc.
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Hausmann, Ricardo & Hwang, Jason & Rodrik, Dani, 2005.
"What You Export Matters,"
Working Paper Series
rwp05-063, Harvard University, John F. Kennedy School of Government.
[Downloadable!]