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Sources of Economic Growth and Structural Change: An International Comparison

In: The Balance between Industry and Agriculture in Economic Development

Author

Listed:
  • Shujiro Urata

    (Waseda University
    World Bank)

Abstract

Economic development and structural change result from the interaction of supply and demand factors. Supply factors include the accumulation and efficient use of factors of production such as labour and capital, whereas demand factors include changes in patterns of intermediate and final demand. Although economists realise the need for a simultaneous examination of both supply and demand factors in understanding the mechanisms of development and structural change, no studies have dealt with this issue satisfactorily. Instead, economists have tended to examine either supply or demand factors in isolation. In this paper we will follow the conventional approach, and analyse the effect of demand factors on economic growth and structural change.1

Suggested Citation

  • Shujiro Urata, 1989. "Sources of Economic Growth and Structural Change: An International Comparison," International Economic Association Series, in: Jeffrey G. Williamson & Vadiraj R. Panchamukhi (ed.), The Balance between Industry and Agriculture in Economic Development, chapter 7, pages 144-166, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-19746-0_7
    DOI: 10.1007/978-1-349-19746-0_7
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    Cited by:

    1. Badiane, Ousmane, 1990. "The Role of Agriculture and Trade In Economic Development," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183495, International Association of Agricultural Economists.

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