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Structural change: Expansion or stagnation?

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  • Gualerzi, Davide

Abstract

The paper argues that the alleged irrelevance of Pasinetti’s structural dynamics for the study of the patterns of structural change may be the result of an incomplete understanding of his theoretical project. That project has left open the question of actual dynamics. The paper lays out the basics for approaching actual dynamics, a necessary preliminary for more focused empirical work. It does that developing the most original aspect of Pasinetti’s approach, the integration of the demand side into the analysis of growth and economic development. The analysis of the process of market creation makes explicit what is implicit in the natural system: changes in the patterns of consumption have a counterpart in the development of new markets.

Suggested Citation

  • Gualerzi, Davide, 2026. "Structural change: Expansion or stagnation?," Structural Change and Economic Dynamics, Elsevier, vol. 78(C), pages 63-69.
    • Handle: RePEc:eee:streco:v:78:y:2026:i:c:p:63-69
    DOI: 10.1016/j.strueco.2026.02.009
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    References listed on IDEAS

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    1. Mauro L. Baranzini & Amalia Mirante, 2018. "Luigi L. Pasinetti: An Intellectual Biography," Palgrave Studies in the History of Economic Thought, Palgrave Macmillan, number 978-3-319-71072-3, June.
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    6. Davide Gualerzi & Gary MongioviSt, 2025. "Luigi L. Pasinetti’s structural dynamics: a methodological appraisal," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 49(5), pages 977-998.
    7. Nina Shapiro, 1984. "Involuntary Unemployment in the Long Run: Pasinetti’s Formulation of the Keynesian Argument—A Review Article," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 7(2), pages 235-245, December.
    8. Araujo, Ricardo Azevedo & Trigg, Andrew B., 2015. "A neo-Kaldorian approach to structural economic dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 33(C), pages 25-36.
    9. Gualerzi, Davide, 1996. "Natural dynamics, endogenous structural change and the theory of demand: A comment on Pasinetti," Structural Change and Economic Dynamics, Elsevier, vol. 7(2), pages 147-162, June.
    10. Davide Gualerzi, 2024. "Elaborating on the Demand-Side of Economic Development: Schumpeter and Neo-Schumpeterian Theory," International Journal of Political Economy, Taylor & Francis Journals, vol. 53(2), pages 187-201, April.
    11. Pasinetti,Luigi, 2006. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521029766, June.
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    13. van Neuss, Leif, 2018. "Globalization and deindustrialization in advanced countries," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 49-63.
    14. Araujo, Ricardo Azevedo, 2013. "Cumulative causation in a structural economic dynamic approach to economic growth and uneven development," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 130-140.
    15. Andrew B. Trigg, 2020. "Thirlwall’s Law and uneven development under Global Value Chains: a multi-country input–output approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-22, December.
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    Cited by:

    1. Feng, Lingbing & Huang, Dasen, 2026. "Unlocking entrepreneurial activity through administrative restructuring: Evidence from China’s County-to-District reform," Structural Change and Economic Dynamics, Elsevier, vol. 79(C), pages 441-458.

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