Abstract
Structural change is defined as a change in the relative weight of significant components of the aggregative indicators of the economy, such as national product and expenditure, exports and imports, and population and the labour force. It is a complex phenomenon involving, for example, differential effects upon the happiness of the people in different strata, changes in the society’s value system and even impacts on international relations. However, we confine ourselves with the processes in which economic growth brings about the above structural change in various types and either directly or indirectly through organizational and institutional changes.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Ishikawa, S. (1987). Structural Change. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1775-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1775-1
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Structural Change- Published:
- 22 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1775-2
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Structural Change- Published:
- 22 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1775-1