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Structural change: Pace, patterns and determinants

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  • Pedro M. G. Martins

Abstract

This paper provides a comprehensive assessment of structural change in the world economy. The analysis relies on a newly constructed dataset comprising 169 countries and covering the period from 1991 to 2013. Shapley decompositions are employed to evaluate the pace and pattern of structural change across regions and sub‐regions. Country‐level estimates are then used to conduct an original empirical exercise on the determinants of structural change. The results suggest that labor reallocations (structural change) have played a critical role in enhancing economic performance since the early 2000s, even if they remain comparatively less important than within‐sector productivity improvements. The widespread reallocation of labor from agriculture to the services sectors has been the key driver of structural change. Finally, we find robust evidence that the pace of structural change is significantly shaped by human and physical capital. The policy implication is that investments in education and economic infrastructure are crucial to accelerating structural change.

Suggested Citation

  • Pedro M. G. Martins, 2019. "Structural change: Pace, patterns and determinants," Review of Development Economics, Wiley Blackwell, vol. 23(1), pages 1-32, February.
    • Handle: RePEc:bla:rdevec:v:23:y:2019:i:1:p:1-32
    DOI: 10.1111/rode.12555
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    Cited by:

    1. Hanan Morsy & Antoine Levy, 2020. "Growing without changing: A tale of Egypt's weak productivity growth," African Development Review, African Development Bank, vol. 32(3), pages 271-287, September.
    2. Andriansyah & Asep Nurwanda & Bakhtiar Rifai, 2023. "Structural Change and Regional Economic Growth in Indonesia," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 59(1), pages 91-117, January.
    3. Kapelko, Magdalena & Oude Lansink, Alfons & Zofío, José L., 2022. "Endogenous dynamic inefficiency and optimal resource allocation: An application to the European Dietetic Food Industry," European Journal of Operational Research, Elsevier, vol. 303(3), pages 1444-1457.
    4. Hebin Shen & Syed Ahtsham Ali & Majed Alharthi & Ali Shan Shah & Abdul Basit Khan & Qaiser Abbas & Saeed ur Rahman, 2021. "Carbon-Free Energy and Sustainable Environment: The Role of Human Capital and Technological Revolutions in Attaining SDGs," Sustainability, MDPI, vol. 13(5), pages 1-17, March.

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