Activation of a modern industry

• 成果类型: Article
• 署名作者: Wang, P; Xie, DY
• 署名单位: International Monetary Fund; Vanderbilt University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2003.06.005
• 发表日期: 2004
• 页码: 393-410
• 关键词: industrial transformation; marshallian externality; consumption subsistence; factor matching

摘要

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 modem 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 modem industry. An array of policy prescriptions for advancing a poor country is provided. (C) 2004 Elsevier B.V. All rights reserved.