Structural change patterns and development in open economies∗
نویسنده
چکیده
The share of manufacturing in output follows an inverted U shape over the course of development. However, both the timing and the magnitude of structural change differ substantially across countries. I show a simple open economy model of structural change can explain why countries with lower aggregate productivity industrialize more slowly and start de-industrialization at a lower share of manufacturing in output. JEL Codes: F43, O14
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