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Activation of a Modern Industry

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  • Ping Wang

    ()
    (Department of Economics, Vanderbilt University and NBER)

  • Danyang Xie

    (International Monetary Fund and Hong Kong University of Science and Technology)

Abstract

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 are provided.

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File URL: http://www.accessecon.com/pubs/VUECON/vu01-w35.pdf
File Function: First version, 2001
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Bibliographic Info

Paper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0135.

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Date of creation: Dec 2001
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Handle: RePEc:van:wpaper:0135

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Web page: http://www.vanderbilt.edu/econ/wparchive/index.html

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  1. Dowrick, Steve & Gemmell, Norman, 1991. "Industrialisation, Catching Up and Economic Growth: A Comparative Study across the World's Capitalist Economies," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 101(405), pages 263-75, March.
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  19. Young, Alwyn, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 106(2), pages 369-405, May.
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Cited by:
  1. Dennis Tao Yang & Xiaodong Zhu, 2013. "Modernization of Agriculture and Long-Term Growth," Working Papers tecipa-472, University of Toronto, Department of Economics.
  2. Yuki, Kazuhiro, 2008. "Sectoral Shift, Wealth Distribution, And Development," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 12(04), pages 527-559, September.
  3. Elgin, Ceyhun, 2012. "A Theory Of Economic Development With Endogenous Fertility," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 16(05), pages 686-705, November.
  4. Trindade, Vitor, 2005. "The big push, industrialization and international trade: The role of exports," Journal of Development Economics, Elsevier, vol. 78(1), pages 22-48, October.
  5. Chong-Kee Yip & Tsz-Nga Wong, 2014. "A Model of Technology Assimilation," 2014 Meeting Papers, Society for Economic Dynamics 144, Society for Economic Dynamics.
  6. Chang, Ming-Jen & Wang, Ping & Xie, Danyang, 2011. "The dynamic process of economic takeoff and industrial transformation," MPRA Paper 31868, University Library of Munich, Germany.
  7. Yuki, Kazuhiro, 2012. "Education, inequality, and development in a dual economy," MPRA Paper 39062, University Library of Munich, Germany.
  8. Daido, Kohei & Tabata, Ken, 2013. "Public infrastructure, production organization, and economic development," Journal of Macroeconomics, Elsevier, Elsevier, vol. 38(PB), pages 330-346.

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