Skip to main content
SpringerLink
Log in

Structural Change

  • Reference work entry
  • First Online:
The New Palgrave Dictionary of Economics

  • 62 Accesses

Abstract

Structural change is a complex, intertwined phenomenon, not only because economic growth brings about complementary changes in various aspects of the economy, such as the sector compositions of output and employment and the organization of industry, but also because these changes in turn affect the growth process. Using a simple two-sector model, we highlight some driving forces behind structural change, attempt to convey the complexity of the phenomenon and identify some key issues discussed in the literature.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 6,499.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 8,499.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Bibliography

  • Acemoglu, D., and F. Zilibotti. 1997. Was Prometheus unbounded by chance?: Risk, diversification and growth. Journal of Political Economy 105: 709–751.

    Article  Google Scholar 

  • Banerjee, A., and A. Newman. 1998. Information, the dual economy, and development. Review of Economic Studies 65: 631–653.

    Article  Google Scholar 

  • Brezis, E., P. Krugman, and D. Tsiddon. 1993. Leapfrogging in international competition: A theory of cycles in national technology leadership. American Economic Review 83: 1211–1219.

    Google Scholar 

  • Caselli, F., and W. Coleman II. 2001. The US structural transformation and regional convergence. Journal of Political Economy 109: 584–616.

    Article  Google Scholar 

  • Chenery, H., and M. Syrquin. 1975. Patterns of development, 1957–1970. London: Oxford University Press.

    Google Scholar 

  • Ciccone, A., and K. Matsuyama. 1996. Start-up costs and pecuniary externalities in economic development. Journal of Development Economics 49: 33–57.

    Article  Google Scholar 

  • Clark, C. 1940. The conditions of economic progress. London: Macmillan.

    Google Scholar 

  • Fafchamps, M. 1997. Mobile capital, local externalities, and industrialization. Journal of Comparative Economics 25: 345–365.

    Article  Google Scholar 

  • Fafchamps, M., and B. Helms. 1996. Local demand, investment multipliers, and industrialization. Journal of Development Economics 49: 61–92.

    Article  Google Scholar 

  • Fisher, A. 1939. Primary, secondary and tertiary production. The Economic Record 15: 24–38.

    Article  Google Scholar 

  • Foellmi, R. and Zweimüller, J. 2002. Structural change and Kaldor facts of economic growth. Working Paper No. 111. Institute for Empirical Research in Economics, University of Zurich.

    Google Scholar 

  • Gollin, D., S. Parente, and R. Rogerson. 2002. The role of agriculture in development. American Economic Review 92: 160–164.

    Article  Google Scholar 

  • Gurley, J., and E. Shaw. 1995. Financial aspects of economic development. American Economic Review 45: 515–538.

    Google Scholar 

  • Hansen, G., and E. Prescott. 2002. Malthus to Solow. American Economic Review 92: 1205–1217.

    Article  Google Scholar 

  • Harris, J., and M. Todaro. 1970. Migration, unemployment, and development: A two-sector analysis. American Economic Review 60: 126–142.

    Google Scholar 

  • Krugman, P., and A. Venables. 1995. Globalization and inequality of nations. Quarterly Journal of Economics 110: 857–880.

    Article  Google Scholar 

  • Kuznets, S. 1966. Modern economic growth. New Haven: Yale University Press.

    Google Scholar 

  • Laitner, J. 2000. Structural change and economic growth. Review of Economic Studies 67: 541–561.

    Article  Google Scholar 

  • Lewis, A. 1954. Economic development with unlimited supplies of labour. The Manchester School 22: 139–191.

    Article  Google Scholar 

  • Lucas, R. Jr. 1993. Making a miracle. Econometrica 61: 251–272.

    Article  Google Scholar 

  • Lucas, R. Jr. 2004. Life earnings and rural-urban migrations. Journal of Political Economy 112: S29–S59.

    Article  Google Scholar 

  • Matsuyama, K. 1991. Increasing returns, industrialization, and indeterminacy of equilibrium. Quarterly Journal of Economics 106: 617–650.

    Article  Google Scholar 

  • Matsuyama, K. 1992a. Agricultural productivity, comparative advantage, and economic growth. Journal of Economic Theory 58: 317–334.

    Article  Google Scholar 

  • Matsuyama, K. 1992b. A simple model of sectoral adjustments. Review of Economic Studies 59: 375–388.

    Article  Google Scholar 

  • Matsuyama, K. 1995. Complementarities and cumulative processes in models of monopolistic competition. Journal of Economic Literature 33: 701–729.

    Google Scholar 

  • Matsuyama, K. 1996a. Economic development as coordination problems. In The role of Government in East Asian development, comparative institutional analysis, ed. M. Aoki, H. Kim, and M. Okuno-Fujiwara. Oxford: Oxford University Press.

    Google Scholar 

  • Matsuyama, K. 1996b. Why are there rich and poor countries? Symmetry-breaking in the world economy. Journal of the Japanese and International Economies 10: 419–439.

    Article  Google Scholar 

  • Matsuyama, K. 1997. The 1996 Nakahara Lecture: Complementarity, instability and multiplicity. The Japanese Economic Review 48: 240–266.

    Article  Google Scholar 

  • Matsuyama, K. 1998. Productivity-based theory of manufacturing decline: An international perspective. Mimeo: Northwestern University.

    Google Scholar 

  • Matsuyama, K. 2002. The rise of mass consumption societies. Journal of Political Economy 110: 1035–1070.

    Article  Google Scholar 

  • Murphy, K., A. Shleifer, and R. Vishny. 1989. Income distribution, market size, and industrialization. Quarterly Journal of Economics 104: 537–564.

    Article  Google Scholar 

  • Puga, D., and A. Venables. 1996. The spread of industry; spatial agglomeration and economic development. Journal of the Japanese and International Economies 10: 440–464.

    Article  Google Scholar 

  • Rodriguez-Clare, A. 1996. The division of labor and economic development. Journal of Development Economics 49: 3–32.

    Article  Google Scholar 

  • Romer, P. 1987. Growth based on increasing returns due to specialization. American Economic Review 77: 56–62.

    Google Scholar 

  • Rostow, W. 1960. The stages of economic growth: A non-communist manifesto. London: Cambridge University Press.

    Google Scholar 

  • Saint-Paul, G. 1992. Technology choice, financial markets and economic development. European Economic Review 36: 763–781.

    Article  Google Scholar 

  • Stokey, N. 1988. Learning-by-doing and the introduction of new goods. Journal of Political Economy 96: 701–717.

    Article  Google Scholar 

  • Watkins, M. 1963. A staple theory of economic growth. Canadian Journal of Economics and Political Science 29: 141–158.

    Article  Google Scholar 

  • Young, A. 1928. Increasing returns and economic progress. Economic Journal 38: 527–542.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Kiminori Matsuyama

Authors
  1. Kiminori Matsuyama
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Copyright information

© 2018 Macmillan Publishers Ltd.

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Matsuyama, K. (2018). Structural Change. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1775

Download citation

Publish with us

Policies and ethics

Search

Navigation