• Table of Contents
    • Abstract
    • Keywords
    • Article
      • From the rural agricultural society to the urban industrial society
        • Structural change caused by exogenous productivity growth
        • Productivity growth caused by structural change
        • Impediments to structural change
        • The circular causality between productivity growth and structural change
      • Other aspects of structural change
        • From old to new industries
        • Increasing product diversity and specialization
      • Concluding comments
    • See Also
    • Bibliography
    • How to cite this article

structural change

Kiminori Matsuyama
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Structural change is a complex, intertwined phenomenon, not only because economic growth brings about complementary changes in various aspects of the economy, such as the sector compositions of output and employment and the organization of industry, but also because these changes in turn affect the growth process. Using a simple two-sector model, we highlight some driving forces behind structural change, attempt to convey the complexity of the phenomenon and identify some key issues discussed in the literature.
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Keywords

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Article

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How to cite this article

Matsuyama, Kiminori. "structural change." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 17 September 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_S000440> doi:10.1057/9780230226203.1639

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