4: Structural Change Flashcards
1
Q
Factors
A
- Change in Consumer DD
- Technological Change
- Government Policy
- EG Rate
- IC
- IC Level
2
Q
Effect
A
- EG
- SoL
- Inflation Rate
- Microeconomic Effect
- Dutch Disease
- Resource Curse
3
Q
- Government Role
A
- Encourage Competition
- Avoid Propping less Efficient Industries
- Promote Further Structural Change
4
Q
Trend
A
Output, Employment, Investment
Agriculture: 10, 6, 7
Mining: 5, 0, 8
Manufacture: 14, 18, 8
Service: 19, 21, 8
