Activation of a Modern Industry

Ping Wang and Danyang Xie

No 135, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

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.

JEL-codes: D24 D33 O14 (search for similar items in EconPapers)
Date: 2001-12
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http://www.accessecon.com/pubs/VUECON/vu01-w35.pdf First version, 2001 (application/pdf)

Related works:
Journal Article: Activation of a modern industry (2004)
Working Paper: Activation of a Modern Industry (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:van:wpaper:0135

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