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    The Role of Structural Transformation in the Potential of Asian Economic Growth

    Foster-McGregor, Neil; Verspagen, Bart | March 2016
    Abstract
    The transition from low-income developing country to high-income developed country involves a deep process of structural transformation in which the productive structure of an economy changes. In this paper we examine this process of structural change and its link to productivity growth for a sample of Asian countries. In particular, the paper addresses the following questions: What is the typical pattern of structural change that countries experience when they catch up from low-income levels to the economic frontier?; To what extent and in which form did structural change contribute to productivity growth in Asia since 1990?; How does the contribution of structural change to productivity growth compare to the effects of deviations of actual growth from potential growth?; How does the effect of structural change differ between total factor productivity growth and labor productivity growth?; And, what is the order of magnitude of the productivity effects that can be expected from further convergence of Asian countries to the economic structure that characterizes middle-income and high-income countries?
    Citation
    Foster-McGregor, Neil; Verspagen, Bart. 2016. The Role of Structural Transformation in the Potential of Asian Economic Growth. © Asian Development Bank. http://hdl.handle.net/11540/8811.
    ISSN
    2313-6537 (Print)
    2313-6545 (e-ISSN)
    Keywords
    Comprehensive Development Framework
    Development Challenges
    Development Planning
    Millennium Development Goals
    Policy Development
    Program Evaluation
    Performance Evaluation
    Evaluation Criteria
    Human Capital Development
    Capital Market Development
    Development Economics
    Financial Sector Development
    Technology Development
    World Development Indicators
    Evaluation Methods
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Development In East Asia
    Development Planning
    Development Research
    Performance Evaluation
    Evaluation Methods
    Evaluation
    Job Evaluation
    Staff Development
    Development assistance
    ADB
    Curriculum development
    Development assistance
    Development aid
    Development indicators
    Development potential
    Development models
    Project appraisal
    Performance appraisal
    Economic development
    Economic indicators
    Government programs
    Economic growth
    Economic policy
    Industrial development
    Industrial policy
    Technology assessment
    Economic evaluation
    Economic forecast
    Input output analysis
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Development strategy
    Development models
    Economic development
    Performance appraisal
    Needs assessment
    Input output analysis
    ADB
    Employment
    Performance appraisal
    Project failure
    Project impact
    Project appraisal
    Career development
    Vocational training
    Communication in rural development
    Communication in community development
    Infrastructure
    Central planning
    Endowment of research
    Partnership
    Joint venture
    Nation-building
    Risk assessment
    Economic development projects
    Economic forecasting
    Industrial research
    Participatory monitoring and evaluation
    Economic policy
    Economic forecasting
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Participative management
    Grievance procedures
    Supervisors
    Vocational guidance
    Labor policy
    Rural manpower policy
    Career development
    Applications for positions
    Affirmative action programs
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    Citable URI
    http://hdl.handle.net/11540/8811
    Metadata
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    ewp-479.pdf (1.551Mb)
    Author
    Foster-McGregor, Neil
    Verspagen, Bart
    Theme
    Development
    Evaluation
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise