Benchmarking Structural Transformation Across the World

 
Author/Editor: Era Dabla-Norris ; Alun H. Thomas ; Rodrigo Garcia-Verdu ; Yingyuan Chen
 
Publication Date: July 31, 2013
 
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Summary: 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.
 
Series: Working Paper No. 13/176
Subject(s): Productivity | Emerging markets | Low-income developing countries | Agricultural sector | Manufacturing sector | Services sector | Cross country analysis

 
English
Publication Date: July 31, 2013
ISBN/ISSN: 9781484359662/2227-8885 Format: Paper
Stock No: WPIEA2013176 Pages: 44
Price:
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