Effective structural change: A new approach to analysing economic growth

Studies have not been able to conclusively prove that structural change drives economic growth. In his paper Structural change and economic growth: Empirical evidence and policy insights from Asian economies, Dr Vu Minh Khuong of the Lee Kuan Yew School of Public Policy at the National University of Singapore proposes a new measure of structural change that can deepen our understanding of how the phenomenon influences economic growth.  

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