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New industry finance has the following five characteristics. First, information asymmetry problem appears relatively stronger in the new industry finance compared to the normal industry finance. Asymmetry of information between trading partners means that the amount of information is on...
Persistent link: https://www.econbiz.de/10014241028
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10013014356
Persistent link: https://www.econbiz.de/10012322338
structural transformation toward industrialization, manufacturing in particular. Workers moved out of agriculture into … as the "engine of growth." It is in the context of industrialization that openness played an important role in East Asia … exchange) and industrialization. Part 1 of the paper documents the extent of structural transformation in developing Asia …
Persistent link: https://www.econbiz.de/10011880537
This study investigates the political economy of industrialization in Ethiopia. It discusses the economic and political … used for exploring the role of political economy in Ethiopian industrialization. Different political strategies were … strategies of protectionist import substitution industrialization and the outward strategy of export-oriented industrialization …
Persistent link: https://www.econbiz.de/10013498899
Since the late 1970s, the Chinese government has been undertaking major efforts in developing their countries economy by means of industrial policy. However, a more narrow approach to industrial policy has been pursued only since 2010, with the initiation of the 'Strategic Emerging Industries'...
Persistent link: https://www.econbiz.de/10014327490
This research explores the long-run effect of industrialization on the process of development. In contrast to … subsequent decades. Nevertheless, early industrialization had an adverse effect on income per capita, employment and equality by … that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology …
Persistent link: https://www.econbiz.de/10010478010
Persistent link: https://www.econbiz.de/10011917881
Persistent link: https://www.econbiz.de/10011824240
Being a form of territorial division of labor, economic specialization should be considered as a strategic management priority, contributing to a competitive territorial production structure and, consequently, regional economic growth. The article is devoted, firstly, to the development of a...
Persistent link: https://www.econbiz.de/10013337692