Summary: Herrendorf and Rogerson (2013) – “Growth and Structural Transformation”

Herrendorf and Rogerson (2013) – “Growth and Structural Transformation” (sections 1 and 2 only) in general terms, the summary must include the main ideas exposed in the paper and some comments on the results. Students should discuss in details the following topics:

1) What is the causal question the paper addresses; 2) Relevance of the question for the development field and implications for policy; 3) Identification strategy used to account for possible econometric problems; 4) Main results;