Economic Development, Structural Change and Employment Potential

Mahmood A. Zaidi, Sudhin K. Mukhopadhyay

Research output: Contribution to journalArticlepeer-review

Abstract

Economic development is accompanied with changes in the inter-sectoralflows of intermediate goods. This structural change assumes certain patterns depending on the stage and nature of development of the economy. This paper examines such possible patterns and their implications on the basis of input-output analysis for the USA, Japan and India and suggests that the form of interaction between sectors is unilateral—the matrix is either lower or upper triangular signifying the structure of the economy. It also measures the extent of structural change of the three countries and considers the employment implications of such change.

Original languageEnglish (US)
Pages (from-to)64-74
Number of pages11
JournalThe Journal of Development Studies
Volume11
Issue number2
DOIs
StatePublished - Jan 1 1975

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