Abstract
The transformation of the structure of production is at the heart of the economic and social changes that characterise economic development. Not only is there a strong statistical association between the rise of industry and the level of per capita income, but virtually all countries that have achieved high living standards by any measure have also industrialised to a substantial degree.2
This paper derives from ongoing research at the World Bank on ‘Sources of Industrial Growth’ under the direction of Larry Westphal and the authors. It stems from earlier work by Chenery and Watanabe (1962, 1965). Statistical calculations and computer programming were performed by H. Elkington and K. Jordan. We are indebted to Larry Westphal and Sherman Robinson for helpful comments.
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© 1980 International Economic Association
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Chenery, H., Syrquin, M. (1980). A Comparative Analysis of Industrial Growth. In: Matthews, R.C.O. (eds) Economic Growth and Resources. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04063-6_11
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DOI: https://doi.org/10.1007/978-1-349-04063-6_11
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