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In principle, firms in developing countries benefit from the fact that advanced technologies and products have already been developed in industrialized countries and can simply be adopted, a process often referred to as industrial upgrading. But for many firms this advantage remains elusive....
Persistent link: https://www.econbiz.de/10012698696
productivity gains and demand growth. In this paper we study the interactions between structural change and technological progress … linking structural transformations and sector-specific technological opportunities to aggregate productivity growth. In the … final part we present productivity decompositions using a sectoral innovation taxonomy to study the contribution of …
Persistent link: https://www.econbiz.de/10012020146
In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10010440426
main driving forces were productivity growth and the declining cost of transportation. International immigration played a …
Persistent link: https://www.econbiz.de/10014049212
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic...
Persistent link: https://www.econbiz.de/10003884594
Industrialization has long been seen as the answer to underdevelopment and poverty. First this led countries to follow protectionist import substitution policies but as these failed developing countries have opened up to trade and FDI and tried to follow strategies of export driven...
Persistent link: https://www.econbiz.de/10003915584
The systems of innovation (SI) approach has been established and extended during the last two decades. Although elementary goals and progress have been reached through seminal contributions by Freeman (1987), Lundvall (1992) or Nelson (1993), in designing a generic approach, displaying the...
Persistent link: https://www.econbiz.de/10003958828
Employment in Vietnam and elsewhere in Asia has grown more slowly than GDP over the last several decades. This means GDP per capita is rising. Vietnamese policymakers, however, are concerned that ongoing structural transformation is creating too few jobs. We use data for seven aggregated sectors...
Persistent link: https://www.econbiz.de/10011326184
. -- economic growth; total factor productivity ; human capital ; technical change ; growth accounting …
Persistent link: https://www.econbiz.de/10009712336
This paper develops a simple dynamic model to examine the breakout from a Malthusian economy to a modern growth regime. It identifies several factors that determine the fastest rate at which the population can grow without engendering declining living standards; this is termed maximum...
Persistent link: https://www.econbiz.de/10010201281