Structural Change in the Course of Economic Development
| Author: | Bc. Václav Těhle |
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| Year: | 2012 - summer |
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| Work type: | Bachelors |
| Language: | English |
| Pages: | 78 |
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| Abstract: | This thesis strives to identify patterns of structural change while using panel data from 38 countries and 9 economic sectors for the period from 1950 to 2005. Based on mutual correlations between individual countries, two di erent methods for identifying structural change patterns are designed. The rst one assumes constant rate of structural change over time and uses the entire time spans provided in the dataset. Second selects for each economy only certain country-periods with signi cant structural transformation and looks for similarities in sequencing of these country-periods between individual countries. The classical agriculture-manufacturing pattern is dominant, but signi cant successful patterns mainly with growing nancial and transportation sectors and falling personal and government services are also discovered. In order to provide more complex perspective, proximity maps are drawn with position of each country representing its development path relative to other economies. Lastly, relationship between structural change and economic growth is proven and further examined by listing several stylized facts about the structural transformation, which are evaluated using the provided data. |
| Downloadable: | BP Tehle |
