In this paper, we examine the experiences of the Korean economy alongside theoretical knowledge of economic development and structural change. To demonstrate the generalized hypotheses on structural change, input-output tables of Korea, from 1960 to 2010, were analyzed. Our interest in taking...

The role played by qualitative change in economic development is examined and a model is proposed in which changes in the composition of the economic system are generated by the evolution of the system itself.This model of economic development is driven by the creation of new industrial sectors....