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This paper argues that opening up an economy to trade can result in welfare reducing deindustrialization when agents … are subject to credit constraints. The standard interpretation of such deindustrialization as a reallocation of resources … deindustrialization of India in colonial times may have been quite damaging. The paper develops a two-sector, one-factor, open economy …
Persistent link: https://www.econbiz.de/10014074167
Persistent link: https://www.econbiz.de/10012258839
contrast to some recent studies, we show that the importance of manufacturing for the world economy has not declined during the …
Persistent link: https://www.econbiz.de/10012125631
investigate the role of (non-FDI) net capital inflows as a potential source of premature deindustrialization. We consider a sample …
Persistent link: https://www.econbiz.de/10012814149
Recent studies show that, within countries, manufacturing labor productivity growth has outstripped aggregate labor productivity growth, putting significant downwards pressure on national manufacturing employment shares. We compile the first (nearly) global database of national manufacturing...
Persistent link: https://www.econbiz.de/10012942738
Deindustrialisation is typically conceptualised as a decline in manufacturing as a share of total employment. From a Kaldorian perspective deindustrialisation could have negative implications for long-run growth, given the special growth-pulling properties of manufacturing. However, defining...
Persistent link: https://www.econbiz.de/10013152848
investigate the role of (non-FDI) net capital inflows as a potential source of premature deindustrialization. We consider a sample …
Persistent link: https://www.econbiz.de/10013296964
Persistent link: https://www.econbiz.de/10013342224
One of the arguments for the detrimental effect of natural resources on the manufacturing is that it could be a byproduct of the capital accumulation process in the resource-abundant open economy. Substitution of capital for labor in resource sectors might slow down the accumulation of a highly...
Persistent link: https://www.econbiz.de/10012711314
This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...
Persistent link: https://www.econbiz.de/10012129950