Endowment Structures, Industrial Dynamics, and Economic Growth
Author: Jiandong Ju
Publisher:
Published: 2009
Total Pages:
ISBN-13:
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Author: Jiandong Ju
Publisher:
Published: 2009
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Ms.Natasha Xingyuan Che
Publisher: International Monetary Fund
Published: 2012-06-01
Total Pages: 42
ISBN-13: 1475505132
DOWNLOAD EBOOKThis paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital intensive industries were significantly bigger with higher initial capital endowment and faster capital accumulation. Moreover, there is a positive relationship between a country's aggregate output growth and the degree of structural coherence. Quantitatively, the structural coherence with respect to the overall capital explains about 30% of the growth differential among sample countries.
Author: Justin Y. Lin
Publisher:
Published: 2016
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKThe authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to less developed economies shows that the (optimal) industrial structure and the (most) appropriate technologies in less developed economies are endogenously determined by their factor endowments. A firm in a less developed country that enters a capital-intensive, advanced industry in a developed country would be nonviable owing to the relative scarcity of capital in the factor endowments of less developed countries.
Author: Célestin Monga
Publisher: Oxford University Press
Published: 2019-02-06
Total Pages: 608
ISBN-13: 0192512684
DOWNLOAD EBOOKThe Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: · Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century? · Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained? · What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy? · How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution? · What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations? This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.
Author: Justin Yifu Lin
Publisher: World Bank Publications
Published: 2012-01-01
Total Pages: 389
ISBN-13: 0821389572
DOWNLOAD EBOOKThis book provides an innovative framework to analyze the process of industrial upgrading and diversification, a key feature of economic development. Based on this framework, it provides concrete advice to development practitioners and policy makers on how to unleash a country's growth potential.
Author: Xin Wang
Publisher:
Published: 2023
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKCan temporary policy interventions have permanent effects on regional industrial development? Exploiting disaggregated data on industrial construction in China before 1978 under the centrally planned economic system, this paper compares the long-term development of industries that received investment during the period of 1953-1978 to those without investment within comparable industry-prefecture pairs. The results suggest that temporary interventions can have long-term effects through spillover effects within and between industries. However, it is crucial to consider the local factor endowment structure to fully realize the impacts. We find that deviations of the production technology from the factor endowment structure significantly weaken these long-term impacts. This finding suggests that the average long-term effect of temporary policy interventions estimated in the literature may mask important heterogeneity based on the congruence between the factor intensity of targeted industries and local comparative advantages.
Author: Kwang Suk Kim
Publisher: BRILL
Published: 2020-03-17
Total Pages: 224
ISBN-13: 1684172195
DOWNLOAD EBOOKThis study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Author: Vladimir Popov
Publisher: Edward Elgar Publishing
Published: 2017-06-30
Total Pages: 233
ISBN-13: 1786436485
DOWNLOAD EBOOKThis book identifies possible factors responsible for the recent rise of many developing countries. It examines how robust these trends actually are and speculatively predicts the implications and consequences that may result from a continuation of these trends. It also suggests possible scenarios of future development. Ultimately, it argues that the rise of ‘the Rest’ would not only imply geopolitical shifts, but could lead to proliferation of new growth models in the Global South and to profound changes in international economic relations.
Author: Martin Andersson
Publisher: Oxford University Press
Published: 2016
Total Pages: 301
ISBN-13: 0198737408
DOWNLOAD EBOOKThe book discusses different possibilities for, and obstacles to, economic development in lower income countries in Asia, Latin America, and Sub-Saharan Africa. It asks what lessons can be learned from previous success cases and assesses whether the growth of developing countries over the last decades can be sustained. It pays attention to actual processes of development over the long-term to shed light on prospects for global development today.
Author: Jesus Felipe
Publisher: Edward Elgar Publishing
Published: 2015-04-24
Total Pages: 425
ISBN-13: 1784715549
DOWNLOAD EBOOKDevelopment and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of moder