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Manufacturing has made an important contribution to raising living standards in many parts of the world. Concerns about premature deindustrialization have made some observers skeptical about the potential for manufacturing to play this role in Africa. But employment in African manufacturing has...
Persistent link: https://www.econbiz.de/10012794598
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/10012469127
Moving labor from agriculture to manufacturing - "industrialization" - is often viewed as essential for the development … of poor countries. We present new evidence on the channels through which industrialization can help poor countries close …
Persistent link: https://www.econbiz.de/10013172134
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/10012477395
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/10012477705
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/10012460439
This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of imitation, which, in turn, increases the flow of...
Persistent link: https://www.econbiz.de/10012463256
This research explores the effect of industrialization on the process of development. In contrast to conventional … steam engines across French departments during the early phases of industrialization, the research establishes that … intensive industrialization in the middle of the 19th century increased income per capita in the subsequent decades but …
Persistent link: https://www.econbiz.de/10012454981
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge...
Persistent link: https://www.econbiz.de/10012456543
technology of industrialization was adapted to these factor prices and is not profitable in low-wage economies. The cross-over to …
Persistent link: https://www.econbiz.de/10012458546