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The Relation between Economic Growth and Structural Change

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Economic Structural Change

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Summary

The relation between economic growth and structural change is analyzed by a dynamic multisector world model, where production follows demand and demand changes with higher income. It shows that economic growth is inevitably connected with structural change. If structural change is restrained, the growth rate is reduced. The model covers not only structural change in the sense of changes in the proportion of production and demand of different commodities. Structural change in the statistical sense, i.e., change in the parameter values of the behavior equation, is not considered.

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Authors
  1. Wilhelm Krelle
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Editor information

Editors and Affiliations

  1. Institut für Statistik, Wirtschaftsuniversität Wien, Augasse 2, A-1090, Wien, Austria

    Peter Hackl

  2. Stockholm School of Economics, Box 6501, S-113 83, Stockholm, Switzerland

    Anders Holger Westlund

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© 1991 Springer-Verlag Berlin Heidelberg

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Krelle, W. (1991). The Relation between Economic Growth and Structural Change. In: Hackl, P., Westlund, A.H. (eds) Economic Structural Change. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-06824-3_17

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  • DOI: https://doi.org/10.1007/978-3-662-06824-3_17

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-06826-7

  • Online ISBN: 978-3-662-06824-3

  • eBook Packages: Springer Book Archive

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