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Activation of a Modern Industry Author info | Abstract | Publisher info | Download info | Related research | Statistics Ping Wang
Danyang Xie
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This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and nonhuman resources, production factor matching, and industrial coordination are all important for activating a modern industry. In the process of industrial transformation, job destruction may exceed job creation, and income distribution may get worse immediately following the activation of a modern industry. An array of policy prescriptions for advancing a poor country is provided.
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Paper provided by International Monetary Fund in its series IMF Working Papers with number
02/15.
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Length: 17 pages
Date of creation: 25 Jan 2002Date of revision:
Handle: RePEc:imf:imfwpa:02/15Contact details of provider: Postal: International Monetary Fund, Washington, DC USA Phone: (202) 623-7000 Fax: (202) 623-4661 Email: Web page: http://www.imf.org/external/pubind.htm More information through EDIRC
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For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Industrialization ; Consumption ; Skilled labor ; Economic models ; Other versions of this item:
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