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Title: New Views of Structural Transformation: Insights From Recent Literature

Citation Type: Working Paper

Publication Year: 2023

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Abstract: This paper describes an emerging literature in economics that aims to merge macro issues of structural change and growth with micro data and analysis. This literature focuses on a set of related patterns of change that accompany the processes of growth and development. Traditionally, the focus has been on industrialization – and more broadly the reallocation of employment and economic activity from agriculture to manufacturing and services. The new literature considers a broader set of transformations: from rural to urban, from home to market (and from market to home), from informal to formal, and from self-employment to wage work. Drawing on new data sources, including micro data and administrative records, the literature tries to understand the complex interactions of a broad set of market failures, policy distortions, and impediments to the growth process. In broadening the understanding of structural transformation – to encompass processes beyond industrialization – this literature opens the door to a richer understanding of the processes of growth and a wider set of potential levers for policy.

Url: http://www.nber.org/papers/w31905

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Authors: Gollin, Douglas; Kaboski, Joseph P

Series Title: NBER Working Paper Series

Publication Number: 319055

Institution: National Bureau of Economic Research

Pages: 1-36

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Data Collections: IPUMS USA

Topics: Housing and Segregation, Labor Force and Occupational Structure, Population Mobility and Spatial Demography, Work, Family, and Time

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