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New Perspectives on Structural ChangeCauses and Consequences of Structural Change in the Global Economy$
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Ludovico Alcorta, Neil Foster-McGregor, Bart Verspagen, and Adam Szirmai

Print publication date: 2021

Print ISBN-13: 9780198850113

Published to Oxford Scholarship Online: April 2021

DOI: 10.1093/oso/9780198850113.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 November 2021

Technological Revolutions, Structural Change, and Catching up

Technological Revolutions, Structural Change, and Catching up

(p.131) 7 Technological Revolutions, Structural Change, and Catching up
New Perspectives on Structural Change

Jan Fagerberg

Bart Verspagen

Oxford University Press

This chapter interprets the transition to a more sustainable type of growth as a technological revolution in progress. The chapter opens with a general discussion of the role of technological revolutions and structural change and economic growth, with special emphasis on the acquisition of foreign technology, exports, and catching-up-based growth. It then goes on to examine whether the transition to renewable energy can be seen as a technological revolution in line with the great technological revolutions of the past. The answer to this question is in the affirmative. The final section discusses the implications of this for catching-up-based growth in China and other developing countries.

Keywords:   structural change, environment, technological revolution, catching up, economic growth, export-based growth

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