Structural Change and Cross-Country Growth Empirics

Structural Change and Cross-Country Growth Empirics

One of the most striking features of economic growth is the process of structural change whereby the share of agriculture in GDP decreases as countries develop. The cross-country growth literature typically estimates an aggregate homogeneous production function or convergence regression model that a...

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Bibliographic Details
Main Authors: Eberhardt, Markus, Teal, Francis
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2014
Subjects:
aggregate functions
agriculture
business cycles
dual economy
econometric modeling
economic theory
factor demand
GDP
output
growth rate
human capital
inventory
national income
production function
productivity
structural change
total factor productivity
value added
wealth
Online Access:http://hdl.handle.net/10986/21006

Internet

http://hdl.handle.net/10986/21006

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