Economic development and industrial structure- an overview
How to cite this publication:
Hildegunn Kyvik Nordås (1997). Economic development and industrial structure- an overview. Bergen: Chr. Michelsen Institute (CMI Working Paper WP 1997:13)
This essay offers a selective review of central issues related to economic growth. The interrelationship between technological processes, capital accumulation, specialisation and industrial structure is emphasised. It is concluded that, first, there is little evidence that industrial structure plays an independent role for growth. Second, economists have been more successful in explaining the consequences of technological progress than the determinants of technological progress. However, even the consequences are not well understood, and there is still a long way to go before general and well-documented policy implications can be drawn.
