Evolving comparative advantage, sectoral linkages, and structural change

• 成果类型: Article
• 署名作者: Sposi, Michael
• 署名单位: Southern Methodist University; Federal Reserve System - USA; Federal Reserve Bank - Dallas
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2018.08.003
• 发表日期: 2019
• 页码: 75-87
• 关键词: input-output; structural change; international trade

摘要

Intermediate-input intensities vary systematically with economic development across countries. These cross-country differences in input-output linkages account for 74% of the curvature in the hump shape in industry's share in value added across levels of income per capita. This is twice as much as can be accounted for by variation in the composition of final demand. Using a three-sector, open-economy model of structural change I find that this result is robust to general equilibrium effects. (C) 2018 Elsevier B.V. All rights reserved.