This paper investigates the effects of foreign direct investment (FDI) on structural transformation using panel data from 44 developing countries and four newly industrialized countries from 1990 to 2018 by employing the generalized method of moment approach of Arellano-Bond (1991). The...

This paper provides an integrative review of the energy landscape and cross-sectoral energy-related policies in the ASEAN Member States (AMSs) in balancing the needs of energy security, economic growth, and climate sustainability. To achieve this broad objective, the paper aims to investigate...

We present a joint study of the US structural transformation (the decline of agriculture as the dominating sector) and regional convergence (of Southern to Northern average wages). We find that empirically most of the regional convergence is attributable to the structural transformation: the...

The article studies theoretical views of representatives of main economic schools: mercantilism, physiocrats, classical, Marxist, Keynesian and institutional. It underlines that non-intervention of the state into regulation of economic processes, supporters of which were classical and...

What part of the high oil price can be explained by structural transformation in the developing world? Will continued structural transformation in these countries result in a permanently higher oil price? To address these issues I identify an inverted-U shaped relationship in the data between...

Agriculture is the largest sector in most sub-Saharan economies in terms of employment, and it plays an important role in supplying food and export earnings. Rural poverty rates remain high, and labor productivity is strikingly low. This paper asks how these factors shape the role of agriculture...

Economic development has been associated with structural changes in the national economies. On the path of its economic development, India has reached a level where there is predominance of service sector and it has become the mainstay of the growth process especially over the last ten years....

This paper analyzes the effect of resource-based economic specialization on women's labor market outcomes. Using information on the location and discovery of major oil fields in the Southern United States coupled with a county-level panel derived from US Census data for 1900-1940, we...