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The Uneven Pace of Deindustrialisation in the OECD

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  • Stephen Nickell
  • Stephen Redding
  • Joanna Swaffield

Abstract

Abstract Throughout the OECD, the period since the 1970s saw a secular decline in manufacturing's share of GDP and a secular rise in the share of services. Despite this being a central feature of growth, the economic forces behind deindustrialisation and the reasons why its pace varied so markedly across OECD countries are not well understood. Adopting an econometric approach founded in neoclassical production theory, we provide an empirical analysis of the role of changes in relative prices, technology and factor endowments in driving changes in production structure. The speed of adjustment to changes in these determinants of production structure varies across OECD countries and is correlated with levels of employment protection. Copyright 2008 The Authors. Journal compilation 2008 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal World Economy.

Volume (Year): 31 (2008)
Issue (Month): 9 (09)
Pages: 1154-1184

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Handle: RePEc:bla:worlde:v:31:y:2008:i:9:p:1154-1184

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Cited by:
  1. repec:iab:iabzaf:v:38:i:2/3:p:284-304 is not listed on IDEAS
  2. Rachel Griffith & Stephen Redding & Helen Simpson, 2004. "Foreign ownership and productivity: new evidence from the service sector and the R&D lab," IFS Working Papers W04/22, Institute for Fiscal Studies.
  3. repec:nbr:nberwo:12799 is not listed on IDEAS
  4. Bruno Amable & Ivan Ledezma, 2013. "Export performance and product market regulation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00795316, HAL.
  5. Era Dabla-Norris & Alun H. Thomas & Rodrigo Garcia-Verdu & Yingyuan Chen, 2013. "Benchmarking Structural Transformation Across the World," IMF Working Papers 13/176, International Monetary Fund.
  6. Lücke, Christine, 2013. "The effects of dismissal protection on the hazard of remaining employed," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79869, Verein für Socialpolitik / German Economic Association.
  7. Antonelli, Cristiano & Fassio, Claudio, 2014. "Globalization and The Knowledge Driven Economy," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201407, University of Turin.
  8. Dale W. Jorgenson & Marcel P. Timmer, 2011. "Structural Change in Advanced Nations: A New Set of Stylised Facts," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(1), pages 1-29, 03.

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