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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. Murphy, Kevin M. & Shleifer, Andrei & Vishny, Robert W., 1989. "Industrialization and the Big Push," Scholarly Articles 3606235, Harvard University Department of Economics.
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Cited by:
  1. Dennis Tao Yang & Xiaodong Zhu, 2013. "Modernization of Agriculture and Long-Term Growth," Working Papers, University of Toronto, Department of Economics tecipa-472, University of Toronto, Department of Economics.
  2. 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.
  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. Kohei Daido & Ken Tabata, 2012. "Public Infrastructures, Production Organizations, and Economic Development," Discussion Paper Series, School of Economics, Kwansei Gakuin University 93, School of Economics, Kwansei Gakuin University, revised Aug 2012.
  5. Kazuhiro Yuki, 2005. "Sectoral Shift, Wealth Distribution, and Development," Development and Comp Systems 0509001, EconWPA.
  6. Yuki, Kazuhiro, 2012. "Education, inequality, and development in a dual economy," MPRA Paper 39062, University Library of Munich, Germany.
  7. Trindade, Vitor, 2005. "The big push, industrialization and international trade: The role of exports," Journal of Development Economics, Elsevier, Elsevier, vol. 78(1), pages 22-48, October.
  8. Chong-Kee Yip & Tsz-Nga Wong, 2014. "A Model of Technology Assimilation," 2014 Meeting Papers, Society for Economic Dynamics 144, Society for Economic Dynamics.

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