The post–World War II period saw the reemergence of growth and development as key fields of inquiry. Initially, both growth and development studies emphasized grand theories with little or no empirical basis. This article focuses on the contribution of two central players in the quantifying of economic development and structural transformation: Simon Kuznets and Hollis Chenery. Kuznets brought the national income framework to bear on the process of growth and structural transformation in, primarily, more-developed countries, with data stretching back to the early phases of the process of modern economic growth. Chenery relied on cross-sectional data to derive patterns of development and their main sources of intercountry variation in an economy-wide, disaggregated framework.
Quantifying Economic Development: Kuznets, Chenery, and the Quantitative Approach to Development Economics
Moshe Syrquin lives in Jerusalem and is emeritus professor of economics at the University of Miami. He was professor at BarIlan University in Israel (1971–93), economist and editor of the World Bank journals (1994–99), and professor at the University of Miami (1999–2015). His main areas of research are growth and structural transformation, globalization, and history of economic thought, primarily the contribution of Simon Kuznets to the study of modern economic growth.
Moshe Syrquin; Quantifying Economic Development: Kuznets, Chenery, and the Quantitative Approach to Development Economics. History of Political Economy 1 December 2018; 50 (S1): 211–230. doi: https://doi.org/10.1215/00182702-7033944
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