Abstract
Research background: Climate change stimulates unfavorable global socio-economic consequences, which question economic structures, require sustainable development. Reaching sustainable development in economy relates to structural change. However, scientists rarely focus on structural change and sustainable development in the pure economic subject area.
Purpose of the article: The article aims to summarize and classify the knowledge about contribution and potential of structural change for sustainable development in economy using research experience. The author considers the articles published exactly in the economic subject area, in which scientists terminologically focus on structural change and sustainable development.
Methods: The search parameter - keywords and limitation - subject area determine the selection of suitable material for the research purpose. The author applies monographic method, logical analysis method, scientific induction method for the analysis of the selected material.
Findings & Value added: The articles selected according to the limitations demonstrate that manufacturing is the most commonly analyzed sector followed by energy sector, tourism and decomposition of economy depending on sectoral efficiency. According to the material analyzed in the economic subject area, the contribution of structural change to sustainable development is considered in case studies with focus on decomposition of sectoral structure of local economies. Potential of structural change to sustainable development is considered in general terms and relates to energy efficiency, introduction of new technologies, and involvement of all stakeholders. Thus, it is possible to highlight the factors necessary for structural change, which work towards sustainable development in economy – attitude, efficiency, new technologies and wide range of participants.