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Traditional structural change theories study the dynamics of inter-sector labour-reallocation in autarky models. We analyse how model-results change if open economy setting is assumed, where we focus on the impacts of intermediate trade in a multi-sector growth model with capital accumulation....
Persistent link: https://www.econbiz.de/10011112155
these two effects together, we analytically generate the inverted-U pattern of offshoring recently observed in China. …In this study, we predict a pattern of offshoring and reshoring over the course of economic development. We achieve … this, by extending Grossman and Rossi-Hansberg's (2008) model of offshoring in a simple way by assuming that offshoring …
Persistent link: https://www.econbiz.de/10011110020
In this study, we analyze the effects of labor shortage in China on the direction of innovation in the US by … incorporating production offshoring into a North-South model of directed technical change. We �find that if offshoring is present … change in the North. This fi�nding highlights the different implications of offshoring and conventional trade on innovation …
Persistent link: https://www.econbiz.de/10011259099
In the 1950s and 60s, in Latin America structuralism was considered as the preeminent form of analysis of economic development and growth. Nowadays, in contrast, as a mode of analysis structuralism is distinctly unfashionable, and has been superceded by newer endogenous growth theories, which...
Persistent link: https://www.econbiz.de/10005105663
This paper contributes to the literature on balance-of-payments-constrained growth by providing an innovative empirical evaluation of a disaggregated version of the so-called Thirlwall's Law derived from a Pasinettian multisectoral framework. After estimating sectoral elasticities of exports and...
Persistent link: https://www.econbiz.de/10008927059
This paper aims (1) to test the endowment-based structural change theory proposed by recent studies such as Acemoglu & Guerrieri (2008) and Ju, Lin & Wang (2009); and (2) to explore the linkage between structural coherence and economic growth. By structural coherence, I refer to the degree that...
Persistent link: https://www.econbiz.de/10008565945
The paper uses available data to compare and analyzes the relationships between structural change and economic growth in four OIC member countries (Indonesia, Malaysia, Nigeria and Turkey). The paper uses descriptive statistics to analyze and compare structural transformation in the study...
Persistent link: https://www.econbiz.de/10011109259
The sector business services contributes directly and indirectly to aggregate economic growth in Europe. The direct contribution comes from the sector’s own dynamism. Though the business-services industry appears to be characterised by strong cyclical volatility, there was also a strong...
Persistent link: https://www.econbiz.de/10005790451
change to the change in China’s energy consumption in the 1980s. However, no detailed analysis to date has been done to … filled this gap by investigating the change in energy consumption in China’s industrial sector in the 1990s, based on the … growth rate dramatically in line with the belief that the growth rate of China’s GDP may be overestimated. …
Persistent link: https://www.econbiz.de/10005787142
, whose prime activity is the exploitation of logs for processing industries in China, to limit their participation in forward …
Persistent link: https://www.econbiz.de/10011113301