Essays on Economic Structure and Growth Open Access
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My dissertation essays explore factors that determine changes in economic structure over time. First, I study the role of productivity growth differences across industries in driving structural change in the long run. Second, I find in the short run that economic structure is skewed away from industries that depend on external funds or have difficulty raising external finance during recessions. Third, I investigate the role of financial institutions in industry growth. I show that better bank competition encourages growth by disproportionately benefiting industries that are more dependent on external finance.