Front Matter Page

Strategy Policy Review Department

Contents

  • Abstract
  • I. Introduction
  • II. Literature Review
  • III. Stylized Facts
  • IV. Methodology and Data
  • V. Empirical Results
    • A. Baseline Regressions
    • B. Actual versus Predicted Shares
    • C. Role of Policy and Institutional Variables
  • VI. Robustness
  • VII. Conclusion
  • References
  • Tables
  • 1. Role of Country Fundamentals: OLS Regressions
  • 2. Role of Country Fundamentals (Full Sample): Quantile Regressions
  • 3. Role of Policy and Institutional Factors: OLS Regressions
  • 4. Role of Policy and Institutional Factors: Quantile Regressions
  • 5. Drivers of Diversification over Different Time Horizons: Quantile Regressions
  • 6. Role of Country Fundamentals (EMEs and LICs): Quantile Regressions
  • 7. Alternative Independent Variables: Quantile Regressions
  • 8.1 Additional Controls-Agriculture: Quantile Regressions
  • 8.2 Additional Controls-Manufacturing: Quantile Regressions
  • 8.3 Additional Controls- Services: Quantile Regressions
  • Figures
  • 1. Real Value Added Shares and Real GDP per capita, 1970-2010
  • 2. Shares by Sector of Economic Activity in EMs and LICs by Region
  • 3. Mining vs. Manufacturing and Services Shares in Total Value Added
  • 4. Real Value Added Shares by Sector of Economic Activity in Selected LICs
  • 5. Real Value Added Shares by Sector of Economic Activity in Selected EMEs
  • 6. Actual vs. Predicted Sectoral Shares Across Income Groups, 1970-2010
  • 7. Actual vs. Predicted (Median) Shares by Countries, 2010
  • 8. Comparison of Quantile Regression and OLS Coefficient Estimates
  • Appendixes
  • I: List of Countries in the Sample
  • II: Data Description
Benchmarking Structural Transformation Across the World
Author: Ms. Era Dabla-Norris, Mr. Alun H. Thomas, Mr. Rodrigo Garcia-Verdu, and Ms. Yingyuan Chen