Capital Fundamentalism and Structural Transformation
In: IZA Discussion Paper No. 14444
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In: IZA Discussion Paper No. 14444
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Working paper
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In: Economica, Band 89, Heft 356, S. 789-814
ISSN: 1468-0335
We use census data to show that structural transformation reflects a fundamental reallocation of labour from goods to services, instead of a relabelling that occurs when goods‐producing firms outsource their in‐house service production. The novelty of our approach is that it categorizes labour by occupations, which are invariant to outsourcing. We find that the reallocation of labour from goods‐producing to service‐producing occupations is a robust feature in censuses from around the world and different time periods. To understand the underlying forces, we propose a tractable model in which uneven occupation‐specific technological change generates structural transformation of occupation employment.
In: IMF Working Paper No. 19/30
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In: Economic Development in Africa Report; Economic Development in Africa Report 2017, S. 39-77
In: Asia-Pacific sustainable development journal: APSDJ, Band 2018, Heft 1, S. 1-35
ISSN: 2617-8419
In: Development: journal of the Society for International Development (SID), Band 57, Heft 3-4, S. 591-600
ISSN: 1461-7072
This study examines the structural transformation-inclusive growth nexus for Ghana. The data cover the post-independence period for Ghana and are phased into three periods: the post-independence period to the start of the economic recovery programme (ERP) and structural adjustment programme (SAP) (1957-83), the ERP/SAP period to the start of oil production (1984-2010), and the start of oil production to date (2010-17). The paper finds that structural transformation has been generally weak and also associated with limited inclusive growth. In part, the legacy problem relating to political settlements, and with its roots in the immediate post-independence policies, has been important in shaping these outcomes. The paper concludes by noting that there is potential for the country to move to a path where structural transformation will be more impactful for inclusive growth. However, the risk of adverse political settlements still mitigating this potential impact remains.
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In: Routledge Studies in Development Economics
In: PP. 85 – 104 in Josef Falke, Christian Joerges (Eds.): Karl Polanyi, Globalisation and the Potential of Law in Transnational Markets (Oxford: Hart Publishing, 2011).
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Working paper
The concept of embeddedness plays a central role in the segment of economic sociology and social theory which is inspired by the works of Karl Polanyi. But to the extent that embeddedness is understood in a substantialist manner, implying the existence of a unitary lifeworld, the desire for embeddedness is an impossible aspiration under modern conditions. Throughout the modern era it is however possible to observe the emergence of complex societal stabilization mechanisms, which serve as substitutes to traditional forms of embeddedness. The emergence of function specific cultures, in the form of, for example, legal, political and scientific cultures, establishing a 'second nature' in the Hegelian sense, is one example of this. Other examples are (neo-)corporatist institutions which fulfilled a central stabilising role in classical modernity and the kind of network based governance arrangements which fulfil a similar position in today's radicalised modernity.
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In: Latin American research review, Band 17, Heft 1, S. 223-234
ISSN: 1542-4278
In: Economic and social changes: facts, trends, forecasts, Heft 6 (60)
ISSN: 2312-9824
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 63, S. 1-10
In: Journal of international economics, Band 90, Heft 2, S. 273-301
ISSN: 0022-1996