The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Structural Economic Dynamics

  • Luigi L. Pasinetti
  • Roberto Scazzieri
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1736

Abstract

The dynamics of modern economic systems since the Industrial Revolution show that permanent changes in the absolute levels of some basic magnitudes (such as gross national product, total consumption, total investments, total employment, etc.) are inherently associated with changes in their composition; that is, with structural change.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Luigi L. Pasinetti
    • 1
  • Roberto Scazzieri
    • 1
  1. 1.