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Comparing trajectories of structural change

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  • Ayça Akarçay Gürbüz

Abstract

This paper aims to compare the trajectories of selected newly industrialising countries in terms of structural change. Using an exploratory method of data analysis, the comparative closeness of the economies is studied over time. The results show that industrialisation is a necessary, albeit insufficient, ingredient for catch-up. The successful growth performances of Asian countries are associated with a successful industrialisation process accompanied by high export and investment shares. Latin American country performances are less successful, despite initially high industrial shares. Comparing trajcetories with southern European experiences reveals cases of premature deindustrialisation and tertiarisation processes. Copyright The Author 2011. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

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  • Ayça Akarçay Gürbüz, 2011. "Comparing trajectories of structural change," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(6), pages 1061-1085.
    • Handle: RePEc:oup:cambje:v:35:y:2011:i:6:p:1061-1085
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    File URL: http://hdl.handle.net/10.1093/cje/ber005
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    Cited by:

    1. Alessandro Sarra & Claudio Berardino & Davide Quaglione, 2019. "Deindustrialization and the technological intensity of manufacturing subsystems in the European Union," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 205-243, April.

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