A NEW APPRAISAL OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND THE ECONOMIC STRUCTURE

A country’s potential for economic growth and its propensity for business development have long been associated with economic reshaping or restructuring. The numerous interdependencies that may exist between these phenomena are very difficult to grasp due to their complex nature. Economic growth can be seen as the outcome of various indigenous and exogenous factors that are to some extent interdependent. At a first glance, economic growth can be defined in terms of aggregate gain in productivity and competition, based on technological progress. On the other hand, when defining this process one cannot ignore the importance played by the economic structure and the consequent effects generated.