On Industrialization, Human Resources Training, and Policy Coordination

Saul Mendoza-Palacios (), Julen Berasaluce () and Alfonso Mercado ()
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Saul Mendoza-Palacios: EL Colegio de México
Julen Berasaluce: EL Colegio de México
Alfonso Mercado: EL Colegio de México

Journal of Industry, Competition and Trade, 2022, vol. 22, issue 2, No 2, 179-206

Abstract: Abstract This paper proposes a dynamic model using a general equilibrium approach and shows that the coordination of public policies with suitable human resources training is a key factor for an economy to industrialize. We analyze three public policy domains: innovation policies; policies regarding human resources training, including wages and employment; and push policies. The omission or implementation of public policies, as well as their coordination, defines whether an economy stagnates in a poverty trap, or on the contrary, whether the economy is activated through industrialization processes. Such outcomes depend on what the initial state of the economy is like: whether it is on the left or the right of the industrialization frontier. The viability of crossing the industrialization frontier will depend on how these types of policies are coordinated.

Keywords: Industrialization policy; Coordination; Technological change; Choice of technology; Push strategies; Evolutionary dynamics (search for similar items in EconPapers)
JEL-codes: C73 I28 J24 O25 O38 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10842-021-00376-2

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