Structural Change and Development Policy.

Abstract

The approach to development policy that is illustrated in this volume has emerged from two parallel lines of research. The first consists in developing models that incorporate basic features of the resource endowments, productive structure, and policy constraints on a particular country. Studies based on structural characteristics of Japan, Chile, Israel, and Pakistan illustrate this procedure. These models are used either to analyze the sources of growth and structural change in the past or to simulate the effects of alternative policies in the future. The second line of research consists in comparative econometric studies that seek to identify uniform patterns of change in the structure of demand, production, and trade, as well as the effects on these patterns of size and other country characteristics.

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