Construct · 1 fields · 1 citations

growth-reducing structural change: a standalone construct

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Development economics

the movement of labor from more productive to less productive activities, such as informal services, which lowers aggregate productivity growth.

In development economics, growth-reducing structural change refers to the movement of labor from more productive to less productive activities, such as informal services, which lowers aggregate productivity growth. This meaning comes from McMillan (2011) in Globalization, Structural Change and Productivity Growth.[1]

Unit
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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs development1 fields · 2 citationsanchor · a standalone construct growth4 fields · 4 citationsjingle · one word, four constructs

References

McMillan, M., & Rodrik, D. (2011). Globalization, Structural Change and Productivity Growth. National Bureau of Economic Research. https://doi.org/10.3386/w17143

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