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Heterogeneous Paths of Industrialization
Huneeus, Federico; Rogerson, Richard - 2022
Industrialization experiences differ substantially across countries. We use a benchmark model of structural change to … countries can generate variation in industrialization experiences similar to those found in the data, including premature …
Persistent link: https://www.econbiz.de/10013300930
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Increasing Returns and Economic Geography
Krugman, Paul R. - 2021
This paper develops a two-region, two-sector general equilibriun model of location. The location of agricultural production is fixed, but ionopolistcally competitive manufacturing finns choose their location to maximize profits. If transportation costs are high, returns to scale weak, and the...
Persistent link: https://www.econbiz.de/10013311199
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Does Economic Geography Matter for International Specialization?
Davis, Donald R.; Weinstein, David E. - 2021
There are two principal theories of why countries trade: comparative advantage and increasing returns to scale. Yet there is no empirical work that assesses the relative importance of these two theories in accounting for production structure and trade. We use a framework that nests an increasing...
Persistent link: https://www.econbiz.de/10013248688
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Trade and the Diffusion of the Industrial Revolution
Lucas, Robert E. - 2012
A model is proposed to describe the evolution of real GDPs in the world economy that is intended to apply to all open economies. The five parameters of the model are calibrated using the Sachs-Warner definition of openness and time-series and cross-section data on incomes and other variables...
Persistent link: https://www.econbiz.de/10012755350
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Luddites and the Demographic Transition
O'Rourke, Kevin H. - 2010
, and the transition to skill-biased technological change. The simulated model tracks British industrialization in the 18th …
Persistent link: https://www.econbiz.de/10012758155
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Trade, Knowledge, and the Industrial Revolution
O'Rourke, Kevin H. - 2010
Technological change was unskilled-labor-biased during the early Industrial Revolution of the late eighteenth and early nineteenth centuries, but is skill-biased today. This fact is not embedded in extant unified growth models. We develop a model of the transition to sustained economic growth...
Persistent link: https://www.econbiz.de/10012760113
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The Farm, the City, and the Emergence of Social Security
Caucutt, Elizabeth M. - 2010
During the period from 1880 to 1950, publicly managed retirement security programs became an important part of the social fabric in most advanced economies. In this paper we study the social, demographic and economic origins of social security. We describe a model economy in which demographics,...
Persistent link: https://www.econbiz.de/10012760436
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Foreign Direct Investment as a Catalyst for Industrial Development
Markusen, James R. - 2010
How does an FDI project affect local firms in the same industry? Competition in thequot; product and factor markets tends to reduce profits of local firms, but linkage effects to supplierquot; industries may reduce input costs and raise profits. This paper develops an analytical frameworkquot;...
Persistent link: https://www.econbiz.de/10012763642
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The Industrialization of South America Revisited : Evidence from Argentina, Brazil, Chile and Colombia, 1890-2010
della Paolera, Gerardo - 2018
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia … industrialization had overlooked. Rather than providing a single explanation of how specific shocks or policies shaped the … industrialization of the region, our argument is that the timing of the industrial take off was linked to initial conditions, while …
Persistent link: https://www.econbiz.de/10012926416
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Spatial Competition, Innovation and Institutions : The Industrial Revolution and the Great Divergence
Desmet, Klaus - 2018
A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China … factor suppliers' organizations such as craft guilds, industrialization no longer depends on market size, but on spatial …
Persistent link: https://www.econbiz.de/10012916601