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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
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
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
Africa's recent growth performance has raised expectations of a bright economic future for the continent after decades … of decline. Yet there is a genuine question about whether Africa's growth can be sustained, and if so, at what level. The … industrialization, seem to be operating at less than full power. If African countries do achieve growth rates substantially higher, they …
Persistent link: https://www.econbiz.de/10013052685
Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid … peripheral industrialization stretch into the late 19th century, the high point of peripheral industrialization was the 1950 …-1973 period, which saw widespread import- substituting industrialization. This period was also the high point of unconditional …
Persistent link: https://www.econbiz.de/10013103787
industrialization. Even before widespread mechanization, American production was almost exclusively from centralized plants, whereas the …
Persistent link: https://www.econbiz.de/10013217616
during this stage of industrialization, and that much of its early productivity growth can be explained by changes in …
Persistent link: https://www.econbiz.de/10013248139
We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...
Persistent link: https://www.econbiz.de/10013242889
investment during early industrialization. Although several manufacturing industries, such as cotton textiles, depart from the … per unit of labor is also presented, serving to undercut the notion that the early period of industrialization was based …
Persistent link: https://www.econbiz.de/10013324091
An industrial policy of subsidizing physical capital investment has been utilized in many countries in order to encourage export growth and spread economic development to outlying areas. For Israel, we possess a unique time series-cross section micro data set that details investment and its...
Persistent link: https://www.econbiz.de/10013218901