Authors : Saeed Dehghan Khavari, Farshad Momeni and Seyd Hossein Mirjalili
Abstract: The last decades witnessed only a limited number of countries managing to convergence with developed countries, however, most countries in the world failed to have a similar acceleration in their growth. Most of growth models mainly explore the long-run trend shift in the compositions of sectors without exploring the dynamics within the aggregate sectors, such as the continuous upgrading of manufacturing industries. In this way, the process of steps interpreted by different views that each ones have defined specific principles to move in this direction. The new structural economics attempts to reconstruct the path of successful countries as it will be practical and achievable for other developing countries. The real question is what is the path of the limited successful countries had been gone? The new structural economics is an attempt to set out third wave of development thinking and its aim is reconsideration of structural changes to development studies. The main preference of this study is that it offers 9 special and essential characteristics of the new structural theory for the first time together and this is what distinguishes the study from others with the same issue. More importantly, some of these features according to all the subject research and obtained on the base of researcher deductions. Explanation of the characteristics and features together makes the path of development that successful countries have gone will be well be obvious for developing countries and other follower ones. So this theory in the context of these characters determines the path. The main characters includes intelligently combining state and market, attention to sub-sectors and transfer between generations, historical view, continuous process of industrial upgrading, the distinction between developing countries and developed policies, presentation criteria how imitation of followers countries from leaders ones, presentation an application framework, consideration countries comparative advantage and export-oriented industrialization.
Saeed Dehghan Khavari, Farshad Momeni and Seyd Hossein Mirjalili, 2016. Characterizing New Structural Economics to Explanation the Path of Development and Catching up Pattern for Developing Countries. International Business Management, 10: 4783-4793.