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regularities allow us to propose an alternative definition of de-industrialization and study the issue of “premature de-industrialization …
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Industrial revolution in the West was followed by a major decline in artisan activities in the colonies and semi-colonies in the East.This is known as de-industrialisation. This paper develops a two-sector neo-Ricardian framework to stylize the functioning of a pre-capitalist economy in those...
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Baumol (1967) showed that the rate of growth of an economy slows down if a sector has lower productivity than others and the demand between goods is inelastic. This paper points out that trade is equivalent to technological progress in the tradable sector. Therefore an open economy has higher...
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This paper extends the Dornbusch-Fisher-Samuelson (1977) model to explain de-industrialization and trade; this …
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some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25 percent of … organize our thinking about the relative role played by domestic and foreign forces in India's de-industrialization. The … sectors going back to 1765. With this new relative price evidence in hand, we ask how much of the de-industrialization was due …
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used. Findings – We find that de-industrialization has contributed to unsettling the skill composition that sustained both …
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