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Alternative title:

The influence of the structural change on the economic growth

Subject and Keywords:

structural change   economic growth

Abstract:

Many economic theories describe the relationship between the structural change and the economic growth. According to the majority of them, there is a clear indication that the economic growth is driven by the structural change. This article serves as an analysis of the connections between the structural changes and the changes in the rate of economic growth. The economic crisis which started in the United States at the end of 2007 is recognized as one of the longest, if not the longest, recession that has occurred since World War II. Having the discussion about the causes of this crisis, it seems important to ask whether there are links between the structural changes and the slowdown of the economy. It is usually assumed that the economy development is connected with the changes in the structure of production. One opposing view to this point is the Kossow–Moore hypothesis, which underlines the negative relation between the economic growth and the high structural change index. Having presented the examples of the American and French economies, the article tries to verify whether the structural change in the USA in 2006 could have infl uenced the economic crisis which started one year later.

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2009

Date copyrighted:

2009

Identifier:

ISSN 1733-5779   ISSN 0239-6661

Source:

PAd 102060 II

Language:

eng   pol

Relation:

Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne, ISSN 1733-5779. Nr 6 (2009), s. 43-49

Is version of:

Czasopisma Naukowe w Sieci

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.