Internal and External Economies in Egyptian Manufacturing, 1970-1997
Testing for the existence of internal and external economies in Egyptian manufacturing industries can help defining an active targeted industrial policy promoting long-run growth. The Caballero and Lyons (1989) methodology has been used to disentangle external from internal economies in a production function at the two-digit level. Our findings suggest that on average in both public and private manufacturing sectors, the returns to scale are constant and that the externalities are non-existent. But some industries should deserve special attention, generating positive externalities: Chemicals, Mineral and Engineering industries in the public sector; Food and Textile industries in the private sector.
|Date of creation:||11 Jan 2001|
|Date of revision:||11 Jan 2001|
|Publication status:||Published by The Economic Research Forum (ERF)|
|Contact details of provider:|| Postal: 21 Al-Sad Al Aaly St. Dokki, Giza|
Web page: http://www.erf.org.eg
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- Robert J. Barro & Jong-Wha Lee, 1993. "Losers and Winners in Economic Growth," NBER Working Papers 4341, National Bureau of Economic Research, Inc.
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