Benchmarking Structural Transformation Across the World

45 Pages Posted: 29 Aug 2013

See all articles by Era Dabla-Norris

Era Dabla-Norris

International Monetary Fund (IMF)

Alun H. Thomas

International Monetary Fund (IMF) - European Department

Rodrigo García-Verdú

International Monetary Fund

Yingyuan Chen

International Monetary Fund (IMF)

Date Written: July 2013

Abstract

This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period 1970-2010. The analysis points to large differences in sector shares both across and within regions as well as for countries at similar levels of economic development. Using both linear and quantile regression methods, it finds that a large proportion of the cross-country variation in sector shares can be accounted for by country characteristics, such as real GDP per capita, demographic structure, and population size. It also finds that policy and insitutional variables, such as product market reforms, openness to trade, human and physical capital, and finance improve the baseline model’s ability to account for the variation in sectoral shares across countries.

Keywords: Productivity, Emerging markets, Low-income developing countries, Agricultural sector, Manufacturing sector, Services sector, Cross country analysis, Structural Transformation, Agriculture, Manufacturing, Services, Quantile Regression, Panel Data, globalization, gdp per capita, real gdp, economic globalization, economic growth, total factor productivity, tfp, trade liberalization, international trade, globalization period, globalization index, international financial, exchange rates, per capita income, modern economic growth, international financial statistics, per capita incomes, national income, rate of growth, per capita income levels, growth rates, foreign exchange, balanced economic grow

JEL Classification: O14, O24, O40

Suggested Citation

Dabla-Norris, Era and Thomas, Alun and García-Verdú, Rodrigo and Chen, Yingyuan, Benchmarking Structural Transformation Across the World (July 2013). IMF Working Paper No. 13/176, Available at SSRN: https://ssrn.com/abstract=2317693

Era Dabla-Norris (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Alun Thomas

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Rodrigo García-Verdú

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Yingyuan Chen

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
73
Abstract Views
414
rank
353,899
PlumX Metrics