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This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward the more capital-intensive ones as the capital endowment becomes more abundant. The model...
Persistent link: https://www.econbiz.de/10012976782
imitation sector. The process of industrialization increases the demand for high-skill labor, inducing individuals to invest in …
Persistent link: https://www.econbiz.de/10012974488
herald cities with their industrial bases as "engines of growth," does industrialization in fact drive urbanization? While … industrialization correlate only weakly with changes in urbanization. This suggests that policy and institutional factors may also … influence the urbanization process. In fact, the relationship between industrialization and urbanization is absent in Sub …
Persistent link: https://www.econbiz.de/10012973214
industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012957710
the appreciation of the dollar, thereby making Ethiopia?s competitiveness and industrialization drive more difficult. In …
Persistent link: https://www.econbiz.de/10012865512
This paper presents evidence suggesting that the relationship between income and economic structure is shifting over time, with countries across the income distribution uniformly increasing the share of labor in service sectors and an increasingly less stark relationship between manufacturing...
Persistent link: https://www.econbiz.de/10012968717
Drawing on international trade data, this paper uses the product space approach to analyze changes in Morocco?s goods exports in 1990?2010 and future export priorities. The level of Morocco?s gross domestic product and its moderate growth match the predictions of product space analysis, informed...
Persistent link: https://www.econbiz.de/10012970837
Empirical evidence indicates that in many developing regions, the extreme poor in more marginal land areas form a "residual" pool of rural labor. Structural transformation in such developing economies depends crucially on labor and land use decisions of these most-vulnerable populations located...
Persistent link: https://www.econbiz.de/10012974378
One of the most striking features of economic growth is the process of structural change whereby the share of agriculture in GDP decreases as countries develop. The cross-country growth literature typically estimates an aggregate homogeneous production function or convergence regression model...
Persistent link: https://www.econbiz.de/10012974669
Active economic policies by developing countries? governments to promote growth and industrialization have generally …
Persistent link: https://www.econbiz.de/10012976530