Deconstructing the BRIC: Structural Transformation and Aggregate Productivity Growth

Gaaitzen de Vries, Abdul Erumban, Marcel Timmer, Ilya Voskoboynikov, Harry X. Wu

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This chapter addresses the role of structural change for growth in Brazil, China, India, and Russia. It presents a harmonized time-series database of value added and persons engaged with a common detailed 35-sector classification (ISIC revision 3). The dataset harmonizes the measurement of output and employment across countries, which is important for a comparative and fine-grained analysis of economic growth and production. Data on number of workers is based on the broadest employment concept. The authors find strong growth-enhancing effects of structural change in China, India, and Russia, but not in Brazil. They find that for China, India, and Russia reallocation of labour across sectors contributes to aggregate productivity growth, whereas in Brazil it does not. This result is overturned when a distinction is made between formal and informal activities within sectors. Increasing formalization of the Brazilian economy since 2000 appears to be growth-enhancing, while in India the increase in informality is growth-reducing.
Originele taal-2English
TitelStructural Change and Industrial Development in the BRICS
RedacteurenWim Naudé, Adam Szirmai, Nobuya Haraguchi
Plaats van productieOxford
UitgeverijOxford University Press
Aantal pagina's25
ISBN van elektronische versie9780191038174
ISBN van geprinte versie9780198725077
StatusPublished - 2015


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