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New structural economics: A framework of studying government and economics

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  • Lin, Justin Yifu

Abstract

New structural economics is a new framework for rethinking economic development following structuralism and neoliberalism after World War II. This framework uses a neoclassical approach to study the determinants of economic structure and its evolution in a country's economic development (Lin, 2011). We argue that a country's economic structure is endogenous to its factor endowments, and that the key for developmental success is to have a facilitating government to help entrepreneurs overcome soft and hard infrastructure bottlenecks so as to enable industries with comparative advantages to have competitive advantages in domestic and international markets. New structural economics is highly related to the field of government and economics. Both areas of research study the role of the government in the economy.

Suggested Citation

  • Lin, Justin Yifu, 2021. "New structural economics: A framework of studying government and economics," Journal of Government and Economics, Elsevier, vol. 2(C).
    • Handle: RePEc:eee:jogoec:v:2:y:2021:i:c:s2667319321000148
    DOI: 10.1016/j.jge.2021.100014
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    Cited by:

    1. Yan, Chen & Ji, Yaxing & Chen, Rui, 2023. "Research on the mechanism of selective industrial policies on enterprises' innovation performance ——Evidence from China's photovoltaic industry," Renewable Energy, Elsevier, vol. 215(C).

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