A MEASURE OF STRUCTURAL CHANGE IN OUTPUT |
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| Authors: | John H. Moore |
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| Affiliation: | Law and Economics Center, University of Miami |
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| Abstract: | This article proposes a method of characterizing the growth process using two parameters, a production index measuring growth, and a structural change index measuring the changes in the composition of output. It discusses the properties of the structural change index that is developed, including its relation to the bias in growth rates measured by conventional index numbers. It then applies the measure to an examination of Yugoslav industry for the period 1952–71. |
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