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Kuznets and Pasinetti on the Study of Structural Transformation: Never the Twain Shall Meet?

  • Moshe Syrquin


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 use of the approaches in the study of economic development.

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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 46-2007.

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Length: 17 pages
Date of creation: Mar 2007
Date of revision:
Handle: RePEc:icr:wpicer:46-2007
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  1. Malinvaud, E, 1995. "Luigi Pasinetti's Structural Economic Dynamics: A Review Essay," Journal of Evolutionary Economics, Springer, vol. 5(1), pages 59-69, February.
  2. Syrquin, Moshe & Chenery, Hollis, 1989. "Three decades of industrialization," MPRA Paper 32771, University Library of Munich, Germany.
  3. L. Rachel Ngai & Christopher Pissarides, 2006. "Trends in hours and economic growth," LSE Research Online Documents on Economics 4462, London School of Economics and Political Science, LSE Library.
  4. 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.
  5. Kongsamut, Piyabha & Rebelo, Sérgio & Xie, Danyang, 1997. "Beyond Balanced Growth," CEPR Discussion Papers 1693, C.E.P.R. Discussion Papers.
  6. 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.
  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. 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.
  9. repec:tpr:qjecon:v:117:y:2002:i:4:p:1231-1294 is not listed on IDEAS
  10. Pasinetti,Luigi, 1993. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521432825.
  11. Arndt, H. W., 1985. "The origins of structuralism," World Development, Elsevier, vol. 13(2), pages 151-159, February.
  12. Kuznets, Simon, 1971. "Modern Economic Growth: Findings and Reflections," Nobel Prize in Economics documents 1971-2, Nobel Prize Committee.
  13. Vivian Walsh, 2003. "Sen after Putnam," Review of Political Economy, Taylor & Francis Journals, vol. 15(3), pages 315-394.
  14. 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.
  15. Abramovitz,Moses, 1989. "Thinking about Growth," Cambridge Books, Cambridge University Press, number 9780521333962.
  16. Robert W. Fogel, 1987. "Some Notes on the Scientific Methods of Simon Kuznets," NBER Working Papers 2461, National Bureau of Economic Research, Inc.
  17. 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.
  18. Pier Paolo Saviotti, 2001. "special issue: Variety, growth and demand," Journal of Evolutionary Economics, Springer, vol. 11(1), pages 119-142.
  19. 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.
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