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Kuznets and Pasinetti on the study of structural transformation: Never the Twain shall meet?

  • Syrquin, Moshe

The main characteristics of the economic growth of nations are a sustained increase in the growth of output and factor productivity and a widespread process of structural transformation. In this paper I contrast two of the few important authors that do not ignore structural change: Kuznets and Pasinetti. Over several decades the two approaches have developed in an almost orthogonal manner. I discuss the reasons and evaluate the relevance of the approaches for the study of economic development.

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Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 21 (2010)
Issue (Month): 4 (November)
Pages: 248-257

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Handle: RePEc:eee:streco:v:21:y:2010:i:4:p:248-257
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  1. Kongsamut, P. & Rebelo, S. & Xie, D., 1997. "Beyong Balanced Growth," RCER Working Papers 438, University of Rochester - Center for Economic Research (RCER).
  2. Syrquin, Moshe & Chenery, Hollis, 1989. "Three decades of industrialization," MPRA Paper 32771, University Library of Munich, Germany.
  3. Kuznets, Simon, 1973. "Modern Economic Growth: Findings and Reflections," American Economic Review, American Economic Association, vol. 63(3), pages 247-58, June.
  4. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
  5. Pier Paolo Saviotti, 2001. "special issue: Variety, growth and demand," Journal of Evolutionary Economics, Springer, vol. 11(1), pages 119-142.
  6. Pier Saviotti & Andreas Pyka, 2004. "Economic development by the creation of new sectors," Journal of Evolutionary Economics, Springer, vol. 14(1), pages 1-35, January.
  7. Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August.
  8. Ngai, L. Rachel & Pissarides, Christopher A., 2007. "Trends in Hours and Economic Growth," IZA Discussion Papers 2540, Institute for the Study of Labor (IZA).
  9. repec:cup:cbooks:9780521333962 is not listed on IDEAS
  10. Robert W. Fogel, 1987. "Some Notes on the Scientific Methods of Simon Kuznets," NBER Working Papers 2461, National Bureau of Economic Research, Inc.
  11. Malinvaud, E, 1995. "Luigi Pasinetti's Structural Economic Dynamics: A Review Essay," Journal of Evolutionary Economics, Springer, vol. 5(1), pages 59-69, February.
  12. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," NBER Working Papers 8460, National Bureau of Economic Research, Inc.
  13. John Stanley Metcalfe, 2003. "Industrial Growth and the Theory of Retardation. Precursors of an Adaptive Evolutionary Theory of EconomicChange," Revue économique, Presses de Sciences-Po, vol. 54(2), pages 407-431.
  14. Arndt, H. W., 1985. "The origins of structuralism," World Development, Elsevier, vol. 13(2), pages 151-159, February.
  15. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
  16. repec:cup:cbooks:9780521432825 is not listed on IDEAS
  17. Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 315-394.
  18. Syrquin, Moshe, 1988. "Patterns of structural change," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 7, pages 203-273 Elsevier.
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