Pasinetti's structural change theory is related to what type of growth?
Economic
Biological
Technological
Urban
Answer
**Economic growth** refers to the long-term increase in the productive capacity of an economy. Pasinetti's structural change theory suggests that economic growth is driven by changes in the sectoral composition of output and employment. Specifically, he argues that growth occurs when there is a shift from agriculture to manufacturing and services sectors, as these sectors are more productive.
The Pasinetti Puzzle: Unravel the Legacy of Luigi Pasinetti
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Luigi Pasinetti's early influences include Richard Kahn and who else?
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Besides economics, what other area did Pasinetti's structural dynamics theory touch upon?
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