Growth and Structural Transformation


Book Description

This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.




Structural Transformation


Book Description

The book presents a comprehensive and incisive analysis of Structural transformation which is among the most relevant and crucial themes of contemporary economics. Structural transformation is the edifice that is the basis of the next phase of economic transformation. The book demonstrates that structural transformation cannot be shoe horned into a single point formula, it is not merely about achieving a double-digit growth rate, nor it is achieved by an overarching emphasis on rapid technological advancement. Based on empirical evidence pertinent to developed and developing nations and present imperatives the book provides a comprehensive elucidation that that structural transformation will be profoundly determined by the empirics of investment, Innovation and Institutions. Piya Mahtaney is a visiting lecturer with St Xavier's Institute of Communications (Mumbai) and Department of Economics of St Xavier's College, Kolkata, India. She is also council member of Forum of Free Enterprise and on the academic council of Maharashtra Institute of Technology. She writes a monthly column, Econ Buzz about a wide gamut of issues pertinent to sustainable development issues in Forum Views published by the Brokers Forum, Bombay Stock Exchange (BSE). She has written four books.




Innovation, Industrial Dynamics and Structural Transformation


Book Description

This book provides an account of work in the Schumpeterian and evolutionary tradition of industrial dynamics and the evolution of industries. It is shown that over time industries evolve and change their structure. In this dynamic process, change is affected and sometimes constraint by many factors, including knowledge and technologies, the capabilities and incentives of actors, new products and processes, and institutions.




Structural Transformation and Sustainable Development in the Global South


Book Description

This book investigates the relationship between sustainable development and structural transformation within international development policy. On the one hand, sustainable development is promoted as a multi-dimensional concept for achieving environmentally and socially responsible change. On the other hand, structural transformation refers to a sustained period of growth in living standards and incomes that brings sectoral change. For some, these two objectives seem at odds with each other, but this book argues that incorporating environmental initiatives into structural transformation goals in lower-income countries actually results in better results than strategies prioritising economic growth. Drawing on extensive structural equation modelling and original analysis, the book presents an innovative inclusive sustainable development framework to demonstrate the benefits of a more integrated approach to development planning, aiming for structural transformation in line with inclusive sustainable development principles. This book will be of interest to students and researchers of global development, and to policymakers within government and development organizations.




Structural Transformation in South Africa


Book Description

Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.




The Economics of Innovation, New Technologies and Structural Change


Book Description

The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms. This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies. This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory.







The Role of Innovation and Entrepreneurship in Economic Growth


Book Description

"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly"--




Industry 4.0


Book Description

This book presents the latest research perspectives on how the Industry 4.0 paradigm is challenging the process of technological and structural change and how the diversification of the economy affects structural transformation. It also explores the impact of fast-growing technologies on the transformation of socioeconomic and environmental systems, and asks whether structural and technological change can generate sustainable economic growth and employment. Further, the book presents the basic innovations (new technologies, materials, energy, etc) and industrial policies that can lead to such a structural change.




The Oxford Handbook of Structural Transformation


Book Description

The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: DT Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century? DT Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained? DT What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy? DT How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution? DT What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations? This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.