A Manufacturing (Re)Naissance? Industrialization in the Developing World
Hagen Kruse (),
Emmanuel Mensah,
Kunal Sen and
Gaaitzen Vries ()
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Hagen Kruse: University of Groningen
Gaaitzen Vries: University of Groningen
IMF Economic Review, 2023, vol. 71, issue 2, No 3, 439-473
Abstract:
Abstract This paper examines industrialization in developing countries. It introduces the GGDC/UNU-WIDER Economic Transformation Database, which provides consistent annual data of employment, real and nominal value added by 12 sectors in 51 economies for the period 1990–2018. Regressions that control for income and population indicate a manufacturing renaissance in several middle-income countries since the 2000s. We observe industrialization in many low-income Asian and sub-Saharan African countries. The industrial naissance in sub-Saharan Africa appears characterized by unregistered firms that expand employment.
JEL-codes: N10 O14 O47 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41308-022-00183-7
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