Working paper // World Institute for Development Economics Research 2011,43
In the past, research on changes in relative importance among broad three sectors - ;agriculture, industry, and service - showed general patterns of a country's structural transformation along with economic development. However, there has been devoid of empirical studies investigating in the structural change within the manufacturing sector, which often plays a role of the engine in economic growth. Our analysis looks into the evolution of production structures prevailing at certain development stages while controlling for country-given characteristics such as size, resource endowments, and others. This can provide an industrial policy framework for structural change facilitation that can lead to sustained economic development in the long-run.
industrial development growth industrial policy manufacturing development patterns comparative advantage