Summary
This article discusses the development of sector shares against the background of growingper capita income and some other key variables. It elaborates on Chenery's normal pattern approach, which emphasizes the existence of regularities. Long-term dynamics in the economic structure are quantified. Conclusions are drawn with respect to the continuing process of industrialization, the role of the service sector and the rise or decline of manufacturing subsectors. The slow-down of overall growth rates and the discovery of energy resources are given special attention. Finally it is tried to detect some country-specific specialization patterns.
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I am indebted to Professor Theo van de Klundert and to my colleagues Robert de Groof and Anton Markink.
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Van Gemert, H.G. Structural change in oecd countries: A normal pattern analysis. De Economist 135, 29–51 (1987). https://doi.org/10.1007/BF01856702
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DOI: https://doi.org/10.1007/BF01856702