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Service liberalization, endogenous industrial composition and modernization

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  • Nicholas Sim

Abstract

This paper presents a simple two-sector two-factor model with endogenously determined industrial composition. It is shown that by shrinking the cone of diversification, service liberalization may enable the economy to switch from equilibrium where both traditional and modern goods are produced to another where specialization in the modern good takes place.

Suggested Citation

  • Nicholas Sim, 2005. "Service liberalization, endogenous industrial composition and modernization," Applied Economics Letters, Taylor & Francis Journals, vol. 12(3), pages 161-163.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:3:p:161-163
    DOI: 10.1080/1350485042000323677
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    References listed on IDEAS

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    1. Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian, 2005. "Does financial liberalization spur growth?," Journal of Financial Economics, Elsevier, vol. 77(1), pages 3-55, July.
    2. Alexander, Ian & Estache, Antonio, 2000. "Infrastructure restructuring and regulation - building a base for sustainable growth," Policy Research Working Paper Series 2415, The World Bank.
    3. Eric W. Bond & Ronald W. Jones & Ping Wang, 2005. "Economic Takeoffs in a Dynamic Process of Globalization," Review of International Economics, Wiley Blackwell, vol. 13(1), pages 1-19, February.
    4. Arndt, Sven W. & Kierzkowski, Henryk (ed.), 2001. "Fragmentation: New Production Patterns in the World Economy," OUP Catalogue, Oxford University Press, number 9780199243310.
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