New Perspectives on Structural Change Causes and Consequences of Structural Change in the Global Economy

by Alcorta, Ludovico; Foster-McGregor, Neil; Verspagen, Bart; Szirmai, Adam

• ISBN13: 9780198850113
• ISBN10: 0198850115
• Format: Hardcover
• Copyright: 2021-05-23
• Publisher: Oxford University Press

Summary

New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.

Author Biography

Ludovico Alcorta, Professorial Fellow on Technology, Innovation and Sustainable Development, UNU-MERIT; School of Business and Economics, University of Maastricht; Chief Technical Advisor on Industrial Strategy, Government of Oman; UNIDO,Neil Foster-McGregor, Professor of Innovation and Globalisation, UNU-MERIT, Maastricht University,Bart Verspagen, Professor of Macroeconomics of Technological Change, UNU-MERIT, Maastricht University,Adam Szirmai, Professor of Development Economics, UNU-MERIT, Maastricht University

Ludovico Alcorta is Professorial Fellow on "Technology, Innovation and Sustainable Development" at UNU-MERIT, School of Business and Economics, University of Maastricht. He has been Director of Industrial Policy, Statistics and Strategic Research at the United Nations Industrial Development Organization (UNIDO) and is Chief Technical Advisor on Industrial Strategy to the Government of Oman. While at UNIDO he contributed to the preparation of SDGs 8 and 9.
Ludovico's research and publications are in the areas of new technologies, innovation, industrialization and development, including in journals such as World Development, European Journal of Development Research, Research Policy, Oxford Development Papers, Development, Industry and Innovation, Energy Efficiency, Structural Change and Economic Dynamics as well as in China's Economic Research Journal.


Neil Foster-McGregor is a Professor of Globalisation and Innovation at UNU-MERIT in the Netherlands. Prior to this he was Assistant Professor at the University of Vienna (2000-2008) and a Senior Research Economist at the Vienna Institute for International Economic Studies (wiiw). Neil obtained his PhD in Economics from the University of Nottingham in 2001. Neil's research interests include issues of economic growth and development, international trade and globalisation, and innovation and technology transfer.


Bart Verspagen is an economist specialised in the economics of technological change. He did his undergraduate studies at the University of Limburg (now called Maastricht University) in Maastricht, the Netherlands, from 1984-1988. After that, he obtained a PhD degree from the same university in 1992. During the five years after that, he held a scholarship from the Royal Netherlands Academy of Arts and Sciences (KNAW). He was professor of Economics of Innovation at Eindhoven University of technology. His current workplace is the research institute UNU-MERIT in Maastricht.


Adam Szirmai (UNU-MERIT) was Professorial Fellow at UNU-MERIT and Professor of Development Economics at the Maastricht Graduate School of Governance of Maastricht University. His research focused on technological change, productivity, growth in developing countries.

Table of Contents

Preface
1. An Introduction to New Perspectives on Structural Change, Adam Szirmai and Neil Foster-McGregor
Part 1: Theoretical Contributions
2. Structuralists' Contribution to Development Thinking: Old, New, and Unresolved Issues, Nicola Cantore and Ludovico Alcorta
3. Latin-American Structuralism and Neo-Structuralism, Gabriel Porcile
4. Structure and Structural Change in Macroeconomic Theory, Codrina Rada
5. Structural Change and the Role of Demand, Ricardo Araujo and Joanilio Teixeira
6. Investment, Profitability, and Structural Change, John Weiss and Hossein Jalilian
7. Technological Revolutions, Structural Change, and Catching Up, Jan Fagerberg and Bart Verspagen
8. Structural Change in General Equilibrium Thinking, Alessio Moro and Carlo Valdes
9. The Geographical Dimension of Structural Change, Ron Boschma
10. Economic Complexity Perspectives on Structural Change, Clovis Freire
Part 2: Empirical Trends
11. Structural Change as a Modernization Process, Alejandro Lavopa and Adam Szirmai
12. Sectoral Dynamics, Nobuya Haraguchi and J?rgen Amann
13. The Rise of the Service Sector in the Global Economy, Solomon Owusu, Adam Szirmai, and Neil Foster-McGregor
14. Patterns of Diversification and Specialization in International Trade, ?nder Nomaler and Bart Verspagen
15. Structural Change in Exports, Marcel Timmer and Stefan Pahl
Part 3: Drivers of Structural Change
16. Technical Progress and Structural Change, Alessandro Nuvolari and Emanuele Russo
17. Determinants of Industrial Development, Fiona Tregenna, Kevin Nell, and Chris Callaghan
18. Trade Liberalization, Structural Change, and Economic Growth, Michael Landesmann and Neil Foster-McGregor
19. The Role of Comparative Advantage, Endowments, and Technology in Structural Transformation, Giovanni Dosi and Matteo Tranchero
20. Finance and Structural Change, Stephany Griffith-Jones and Jos? Antonio Ocampo
21. FDI, Multinationals and Structural Change in Developing Countries, Andre Pineli, Rajneesh Narula, and Ren? Belderbos
22. Three Barriers to Structural Changes and Catch-Up by the Latecomers, Keun Lee, Shanika Ramanayake, and Wonkyu Shin
Part 4: Socio-Economic Impacts of Structural Change and Policy Perspectives
23. How Has Globalisation Affected the Economic Growth, Structural Change and Poverty Reduction Linkages?, Aradhna Aggarwal
24. Structural Change, Economic Development and the Labour Market, ?nder Nomaler, Bart Verspagen, and Adriaan van Zon
25. Globalisation, Structural Change and Technological Progress In Emerging Economies, Marco Vivarelli
26. Structural Change and the Environment, Giovanni Marin and Massimilanio Mazzanti
27. Structural Transformation, Old and New Industrial Policies, and Implications for Development, Jesus Felipe
28. The Political Economy of Structural Change, Ha-Joon Chang and Christopher Hope