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economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure … causes aggregate growth is still unanswered. To shed some more light on this issue, this study examines a Grangercausality … test in a panel environment to determine the causality of economic growth and structural change measured either in terms of …
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This paper examines the income inequality implications of a 'premature deindustrialization' trend in middle-income countries. To identify the premature deindustrialization phase, we arrive at five conditions based on the trends in employment and value-added share of manufacture. Among these five...
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