Structural change and economic development

Show simple item record Williams, Peter 2011-06-14T00:22:36Z 2011-06-14T00:22:36Z 2011-03
dc.description xiii, 124 p. : ill. (some col.) en_US
dc.description.abstract This dissertation emphasizes three aspects of structural change in economic development. Structural change is the process by which the distribution of economic output shifts from one sector to another and is crucial to understanding overall economic growth. The first chapter demonstrates that property rights and the relative value of land in rural credit markets have significant implications for the rate and level of economic development. When borrowers have little net worth, access to credit is limited and the transition from agriculture to industry proceeds at a slower rate. A quantitative model provides estimates of the welfare cost of such frictions. The second chapter argues that differential costs of technology adoption across developing countries can explain the failure of some import-substitution strategies. An analytical model demonstrates the importance of such adoption costs, and an empirical section finds evidence in support of it. The primary result is that import-substituting policies aimed at rapid industrialization may in fact inhibit economic growth, explaining why some countries have experienced lower rates of economic development. The third chapter uses a robust econometric procedure to estimate sector-specific productivity growth for a sample of OECD countries. It finds that the sources of productivity growth vary widely across countries. Productivity growth is not concentrated in industrial sectors alone but can also result from advances in service sectors. en_US
dc.description.sponsorship Committee in charge: Dr. Shankha Chakraborty, Chair; Dr. Chris Ellis, Member; Dr. Bruce Blonigen, Member; Dr. Jean Stockard, Outside Member en_US
dc.language.iso en_US en_US
dc.publisher University of Oregon en_US
dc.relation.ispartofseries University of Oregon theses, Dept. of Economics, Ph. D., 2011;
dc.subject Economics en_US
dc.subject Structural change en_US
dc.subject Development en_US
dc.subject Rural credit markets en_US
dc.subject Import substitution en_US
dc.subject Technology adoption en_US
dc.subject Productivity growth en_US
dc.title Structural change and economic development en_US
dc.type Thesis en_US

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