Macroeconomics Seminar Series. Structural Change Patterns and Development in Open Economies
Published: 5 March 2024
23 May. Professor Calin Arcalean, ESADE, Ramon Llull University
Professor Calin Arcalean, ESADE, Ramon Llull University
"Structural Change Patterns and Development in Open Economies"
Thursday, 23 May. 3 p.m.
Room 356 Gilbert Scott Building
Abstract
The timing and the magnitude of structural change differ substantially across countries. While some developing economies experience premature deindustrialization, others overtake richer economies to attain higher industrialization levels. Introducing international trade in a simple model of structural change can explain both outcomes. Moreover, the analysis shows that countries at similar levels of development may develop drastically different industrial structures, which in turn leads to aggregate productivity gaps. Using a panel of developed and developing economies I show that higher exposure to the rise of Chinese exports, inferred from granular similarity indices, lowers manufacturing employment and output shares and reduces the overall weight of industrial sectors. In line with theory, these effects are heterogeneous across per capita income levels, helping to shed light on the differential role of structural change for development.
Bio
Calin Arcalean (PhD Indiana University) is an Associate Professor of Economics at the ESADE Business School, Ramon Llull University in Barcelona and a CESifo Research Fellow. Calin's research interests include fiscal competition, structural transformation, inequality and human capital. His work has been published in journals such as Journal of Economic Dynamics and Control, Journal of Public Economics or Social Choice and Welfare.
For further information, please contact business-school-research@glasgow.ac.uk
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First published: 5 March 2024