This research begins with the following questions: Is there consistency between the identification of development and the economic structure that is possessed?; are there similarities among economies identified with differences in their levels of development?; and, are there non-developed...

This research begins with the following questions: Is there consistency between the identification of development and the economic structure that is possessed?; are there similarities among economies identified with differences in their levels of development?; and, are there non-developed...

Our main goal in this paper is to classify productive sectors according to the combination of two effects. The first effect lies in the change of their external dependency on imported inputs. The second effect is related to the change of their ability to generate value-added by unit of final...

The purpose of this paper is to examine the growth and the structure of employment in the service sector in the Spanish Economy from 1958 to 1989 and to draw comparisons with the trends exhibited by other European countries. In contrast to the explanation offered by the theory of stages, which...

The main purpose of this paper is to develop a new kind of input-output multiplier that would be particularly well suited to quantifying the impacts of final demand changes on the sectoral output growth potential of an economy. Instead of using the traditional output multipliers, solving an...

While South Africa’s growth performance has improved somewhat in recent years, it has generally been poor over the past few decades. This article uses Chenery’s factor decomposition method to analyse the sources of growth in South Africa from 1970 to 2007. Using input-output data,...

El proceso de comparación estructural de una economía a través de la producción, el valor añadido bruto en términos absolutos y el empleo arroja una serie de interrogantes sobre las distintas fuentes de variación estructurales en los procesos productivos a nivel sectorial entre dos...

The external dependency of many industries and the corresponding low value added generated in production create high external deficits and growing debt to GDP ratios in several open economies. In this paper we propose an empirical method to assess the evolution of these vulnerabilities, based on...

The paper points out that capital theory has always been a hotly debated subject, partly because the theoretical issues involved are very complex, and partly because rival ideologies and value systems directly affect the issues discussed. The focus is on the history, the main protagonists, and...

This paper analyzes labor productivity and the law of decreasing labor content (LDLC) originally formulated by Farjoun and Machover (1983). First, it is shown that the standard measures of labor productivity may be rather misleading, owing to their emphasis on monetary aggregates. Instead, the...