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Deindustrialization, Reindustrialization, and the Real Exchange Rate
Krugman, Paul R. - 2021
This paper models an economy in which it is costly to move resources between the tradeable and nontradeable sectors. The economy is subject to capital flows that are unpredictable and are perceived as having only limited persistence. The model shows that both the fact that capital flows are...
Persistent link: https://www.econbiz.de/10013218113
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Lessons from the Asian Crisis
Mishkin, Frederic S. - 2021
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several lessons from this crisis. First, there is a strong rationale for an international lender of last resort. Second, without appropriate conditionality for this lending, the moral hazard...
Persistent link: https://www.econbiz.de/10013225947
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Externalities and Industrial Development
Henderson, J. Vernon - 2021
Using a panel data set of county-level employment in machinery, electrical machinery, primary metals, transportation, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined include the role of externalities from own industry...
Persistent link: https://www.econbiz.de/10013224847
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Upstart Industrialization and Exports, Japan 1880-1910
Meissner, Christopher M. - 2017
Japanese exports between 1880 and 1910 increased massively in volume, changed composition, and shifted away from leading industrialized countries toward poorer Asian neighbors. The product mix also varied with the level of development of the destination, with new products and specializations...
Persistent link: https://www.econbiz.de/10012954913
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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 … shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our … 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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Markets in China and Europe on the Eve of the Industrial Revolution
Shiue, Carol H.; Keller, Wolfgang - 2021
compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the … findings suggest that relative levels of market function in China and Europe were similar prior to the Industrial Revolution …. Higher efficiency in Europe is seen only in the nineteenth century when industrialization was already underway. Moreover …
Persistent link: https://www.econbiz.de/10013223801
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Growth Policy, Agglomeration, and (the Lack of) Competition
Brooks, Wyatt - 2016
Industrial clusters are promoted by policy and generally viewed as good for growth and development, but both clusters and policies may also enable non-competitive behavior. This paper studies the presence of non-competitive pricing in geographic industrial clusters. We develop, validate, and...
Persistent link: https://www.econbiz.de/10012977273
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China's Industrial Policy : An Empirical Evaluation
Barwick, Panle Jia; Kalouptsidi, Myrto; Zahur, Nahim - 2022
evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …
Persistent link: https://www.econbiz.de/10013324653
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Housing Booms, Manufacturing Decline, and Labor Market Outcomes
Charles, Kerwin Kofi - 2013
We study the extent to which manufacturing decline and local housing booms contributed to changes in labor market outcomes during the 2000s, focusing primarily on the distributional consequences across geographical areas and demographic groups. Using a local labor markets design, we estimate...
Persistent link: https://www.econbiz.de/10013083797
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When Work Disappears : Manufacturing Decline and the Falling Marriage-Market Value of Young Men
Autor, David H. - 2017
We exploit the gender-specific components of large-scale labor demand shocks stemming from rising international manufacturing competition to test how shifts in the relative economic stature of young men versus young women affected marriage, fertility and children's living circumstances during...
Persistent link: https://www.econbiz.de/10012962728