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Recent Developments in the Economics of Structural Change
This informative one-volume collection brings together the most prominent papers within the economics of structural change and growth. This collection focuses on research that investigates the causes and consequences of structural change with either theoretical or calibrated models, mindfully including some of the most celebrated literature over the last two decades. The volume covers the impact structural change has on an array of economic factors including convergence, per capita income and spatial development. Prefaced by an original introduction from the editors, this collection would be well suited to scholars and macro-development economists wishing to extend their knowledge of this compelling topic.
More Information
Contributors
Contents
More Information
This informative one-volume collection brings together the most prominent papers within the economics of structural change and growth. This collection focuses on research that investigates the causes and consequences of structural change with either theoretical or calibrated models, mindfully including some of the most celebrated literature over the last two decades. The volume covers the impact structural change has on an array of economic factors including convergence, per capita income and spatial development. Prefaced by an original introduction from the editors, this collection would be well suited to scholars and macro-development economists wishing to extend their knowledge of this compelling topic.
Contributors
32 articles, dating from 1997 to 2018
Contributors include: D. Acemoglu, F. Buera, F. Caselli, M. Duarte, V. Guerrieri, B. Herrendorf, J. Kaboski, T. Kehoe, C. Pissarides, S. Rebelo
Contributors include: D. Acemoglu, F. Buera, F. Caselli, M. Duarte, V. Guerrieri, B. Herrendorf, J. Kaboski, T. Kehoe, C. Pissarides, S. Rebelo
Contents
Contents:
Acknowledgements
Introduction Kei-Mu Yi, Micheal Sposi and Jing Zhang
PART I THEORIES OF STRUCTURAL CHANGE
1. Piyabha Kongsamut, Sergio Rebelo and Danyang Xie (2001), ‘Beyond Balanced Growth’, Review of Economic Studies, 68 (4), October, 869–82
2. Reto Foellmi and Josef Zweimüller (2008), ‘Structural Change, Engle’s Consumption Cycles and Kaldor’s Facts of Economic Growth’, Journal of Monetary Economics, 55 (7), December, 1317–28
3. Timo Boppart (2014), ’Structural Change and the Kaldor Facts in a Growth Model with Relative Price Effects and Non-Gorman Preferences’, Econometrica, 82 (6), November, 2167–96
4. L. Rachel Ngai and Christopher A. Pissarides (2007),’Structural Change in a Multisector Model of Growth’, American Economic Review, 97 (1), March, 429–43
5. Daron Acemoglu and Veronica Guerrieri (2008),’Capital Deepening and Nonbalanced Economic Growth’, Journal of Political Economy, 116 (3), June, 467–98
6. Kiminori Matsuyama (2009),’Structural Change in an Interdependent World: A Global View of Manufacturing Decline’, Journal of European Economic Association, 7 (2–3), May, 478–86
PART II QUANTITATIVE INVESTIGATION OF STRUCTURAL CHANGE
7. Berthold Herrendorf, Richard Rogerson and Akos Valentinyi (2013), ‘Two Perspectives on Preferences and Structural Transformation’, American Economic Review, 103 (7), December, 2752–89
8. Berthold Herrendorf, Christopher Herrington and Ákos Valentinyi (2015),’Sectoral Technology and Structural Transformation’, American Economic Journal: Macroeconomics, 7 (4), October, 104–33
9. Francisco J. Buera and Joseph P. Kaboski (2009),’Can Traditional Theories of Structural Change Fit the Data?’, Journal of The European Economic Association, 7 (2–3), April, 469–77
10. Benjamin N. Dennis and Talan B. Işcan (2009), ’Engel Versus Baumol: Accounting for Structural Change using Two Centuries of U.S. Data’, Explorations in Economics History, 46 (2), April, 186–202
11. Francisco Alvarez-Cuadrado and Markus Poschke (2011), ’Structural Change out of Agriculture: Labor Push Versus Labor Pull’, American Economic Journal: Macroeconomics, 3 (3), July, 127–58
12. Robert Dekle and Guillaume Vandenbroucke (2012), ’A Quantitative Analysis of China’s Structural Transformation’, Journal of Economic Dynamics and Control, 36 (1), January, 119–35
13. Dale W. Jorgenson and Marcel P. Timmer (2011), ‘Structural Change in Advanced Nations: A New Set of Stylised Facts’, Scandinavian Journal of Economics, 113 (1), March, 1–29
14. Francisco J. Buera and Joseph P. Kaboski (2012), ‘Scale and the Origins of Structural Change’, Journal of Economic Theory, 147 (2), March, 684–712
15. Francisco J. Buera and Joseph P. Kaboski (2012), ’The Rise of the Service Economy’, American Economic Review, 102 (6), October, 2540–69
16. Timothy Uy, Kei-Mu Yi and Jing Zhang (2013), ’Structural Change in an Open Economy’, Journal of Monetary Economics, 60 (6), September, 667–82
17. Caroline Betts, Rahul Giri and Rubina Verma (2017), ’Trade, Reform, and Structural Transformation in South Korea’, IMF Economic Review, 65 (4), November, 745–91
18. Marc Teignier (2018), ’The Role of Trade in Structural Transformation’, Journal of Developmental Economics, 130, January, 45–65
19. Tomasz Święcki (2017), ‘Determinants of Structural Change’, Review of Economic Dynamics, 24, March, 95–131
20. Timothy J. Kehoe, Kim J. Ruhl and Joseph B. Steinberg (2018), ’Global Imbalances and Structural Change in the United States’, Journal of Political Economy, 126 (2), April, 761–96
PART III STRUCTURAL CHANGE, PER CAPITA INCOME, GROWTH AND CONVERGENCE, AND SPACE
21. Diego Restuccia, Dennis Tao Yang and Xiadong Zhu (2008), ‘Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis’, Journal of Monetary Economics, 55 (2), March, 234–50
22. David Lagakos and Michael E. Waugh (2013), ’Selection, Agriculture, and Cross-Country Productivity Differences’, American Economic Review, 103 (2), April, 948–80
23. Douglas Gollin, Stephen L. Parente, and Richard Rogerson (2007), ‘The Food Problem and the Evolution of International Income Levels’, Journal of Monetary Economics, 54 (4), May, 1230–55
24. Margarida Duarte and Diego Restuccia (2010), ‘The Role of the Structural Transformation in Aggregate Productivity’, Quarterly Journal of Economics, 125 (1), February, 129–73
25. Cristina Echevarria (1997), ‘Changes in Sectoral Composition Associated with Economic Growth, International Economic Review, 38 (2), May, 431–52
26. John Laitner (2000),’Structural Change and Economic Growth’, Review of Economic Studies, 67 (3), May, 545–61
27. Yongsung Chang and Andreas Hornstein (2015) ‘Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea’, BE Journal of Macroeconomics, 15 (2), July, 649–76
28. Tasso Adamopoulos (2011), ’Transportation Cost, Agricultural Productivity, and Cross-country Income Differences’, International Economic Review, 52 (2), May, 489–521
29. Berthold Herrendorf, James A. Schmitz and Arilton Teixeira (2012), ’The Role of Transportation in the U.S. Economic Development: 1840–1860’, International Economic Review, 53 (3), August, 693–715
30. Francesco Caselli and Wilbur John Coleman II (2001), ’The U.S. Structural Transformation and Regional Convergence: A Reinterpretation’, Journal of Political Economy, 109 (3), June, 584–616
31. Guy Michaels, Ferdinand Rauch and Stephen J. Redding (2012), ‘Urbanization and Structural Transformation’, Quarterly Journal of Economics, 127 (2), May, 535–86
32. Klaus Desmet and Esteban Rossi-Hansberg (2014), ’Spatial Development’, American Economic Review, 104 (4), April, 1211–43
Index
Acknowledgements
Introduction Kei-Mu Yi, Micheal Sposi and Jing Zhang
PART I THEORIES OF STRUCTURAL CHANGE
1. Piyabha Kongsamut, Sergio Rebelo and Danyang Xie (2001), ‘Beyond Balanced Growth’, Review of Economic Studies, 68 (4), October, 869–82
2. Reto Foellmi and Josef Zweimüller (2008), ‘Structural Change, Engle’s Consumption Cycles and Kaldor’s Facts of Economic Growth’, Journal of Monetary Economics, 55 (7), December, 1317–28
3. Timo Boppart (2014), ’Structural Change and the Kaldor Facts in a Growth Model with Relative Price Effects and Non-Gorman Preferences’, Econometrica, 82 (6), November, 2167–96
4. L. Rachel Ngai and Christopher A. Pissarides (2007),’Structural Change in a Multisector Model of Growth’, American Economic Review, 97 (1), March, 429–43
5. Daron Acemoglu and Veronica Guerrieri (2008),’Capital Deepening and Nonbalanced Economic Growth’, Journal of Political Economy, 116 (3), June, 467–98
6. Kiminori Matsuyama (2009),’Structural Change in an Interdependent World: A Global View of Manufacturing Decline’, Journal of European Economic Association, 7 (2–3), May, 478–86
PART II QUANTITATIVE INVESTIGATION OF STRUCTURAL CHANGE
7. Berthold Herrendorf, Richard Rogerson and Akos Valentinyi (2013), ‘Two Perspectives on Preferences and Structural Transformation’, American Economic Review, 103 (7), December, 2752–89
8. Berthold Herrendorf, Christopher Herrington and Ákos Valentinyi (2015),’Sectoral Technology and Structural Transformation’, American Economic Journal: Macroeconomics, 7 (4), October, 104–33
9. Francisco J. Buera and Joseph P. Kaboski (2009),’Can Traditional Theories of Structural Change Fit the Data?’, Journal of The European Economic Association, 7 (2–3), April, 469–77
10. Benjamin N. Dennis and Talan B. Işcan (2009), ’Engel Versus Baumol: Accounting for Structural Change using Two Centuries of U.S. Data’, Explorations in Economics History, 46 (2), April, 186–202
11. Francisco Alvarez-Cuadrado and Markus Poschke (2011), ’Structural Change out of Agriculture: Labor Push Versus Labor Pull’, American Economic Journal: Macroeconomics, 3 (3), July, 127–58
12. Robert Dekle and Guillaume Vandenbroucke (2012), ’A Quantitative Analysis of China’s Structural Transformation’, Journal of Economic Dynamics and Control, 36 (1), January, 119–35
13. Dale W. Jorgenson and Marcel P. Timmer (2011), ‘Structural Change in Advanced Nations: A New Set of Stylised Facts’, Scandinavian Journal of Economics, 113 (1), March, 1–29
14. Francisco J. Buera and Joseph P. Kaboski (2012), ‘Scale and the Origins of Structural Change’, Journal of Economic Theory, 147 (2), March, 684–712
15. Francisco J. Buera and Joseph P. Kaboski (2012), ’The Rise of the Service Economy’, American Economic Review, 102 (6), October, 2540–69
16. Timothy Uy, Kei-Mu Yi and Jing Zhang (2013), ’Structural Change in an Open Economy’, Journal of Monetary Economics, 60 (6), September, 667–82
17. Caroline Betts, Rahul Giri and Rubina Verma (2017), ’Trade, Reform, and Structural Transformation in South Korea’, IMF Economic Review, 65 (4), November, 745–91
18. Marc Teignier (2018), ’The Role of Trade in Structural Transformation’, Journal of Developmental Economics, 130, January, 45–65
19. Tomasz Święcki (2017), ‘Determinants of Structural Change’, Review of Economic Dynamics, 24, March, 95–131
20. Timothy J. Kehoe, Kim J. Ruhl and Joseph B. Steinberg (2018), ’Global Imbalances and Structural Change in the United States’, Journal of Political Economy, 126 (2), April, 761–96
PART III STRUCTURAL CHANGE, PER CAPITA INCOME, GROWTH AND CONVERGENCE, AND SPACE
21. Diego Restuccia, Dennis Tao Yang and Xiadong Zhu (2008), ‘Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis’, Journal of Monetary Economics, 55 (2), March, 234–50
22. David Lagakos and Michael E. Waugh (2013), ’Selection, Agriculture, and Cross-Country Productivity Differences’, American Economic Review, 103 (2), April, 948–80
23. Douglas Gollin, Stephen L. Parente, and Richard Rogerson (2007), ‘The Food Problem and the Evolution of International Income Levels’, Journal of Monetary Economics, 54 (4), May, 1230–55
24. Margarida Duarte and Diego Restuccia (2010), ‘The Role of the Structural Transformation in Aggregate Productivity’, Quarterly Journal of Economics, 125 (1), February, 129–73
25. Cristina Echevarria (1997), ‘Changes in Sectoral Composition Associated with Economic Growth, International Economic Review, 38 (2), May, 431–52
26. John Laitner (2000),’Structural Change and Economic Growth’, Review of Economic Studies, 67 (3), May, 545–61
27. Yongsung Chang and Andreas Hornstein (2015) ‘Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea’, BE Journal of Macroeconomics, 15 (2), July, 649–76
28. Tasso Adamopoulos (2011), ’Transportation Cost, Agricultural Productivity, and Cross-country Income Differences’, International Economic Review, 52 (2), May, 489–521
29. Berthold Herrendorf, James A. Schmitz and Arilton Teixeira (2012), ’The Role of Transportation in the U.S. Economic Development: 1840–1860’, International Economic Review, 53 (3), August, 693–715
30. Francesco Caselli and Wilbur John Coleman II (2001), ’The U.S. Structural Transformation and Regional Convergence: A Reinterpretation’, Journal of Political Economy, 109 (3), June, 584–616
31. Guy Michaels, Ferdinand Rauch and Stephen J. Redding (2012), ‘Urbanization and Structural Transformation’, Quarterly Journal of Economics, 127 (2), May, 535–86
32. Klaus Desmet and Esteban Rossi-Hansberg (2014), ’Spatial Development’, American Economic Review, 104 (4), April, 1211–43
Index
