Growth, Trade, and Deindustrialization

Robert Rowthorn and Ramana Ramaswamy
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Robert Rowthorn: International Monetary Fund
Ramana Ramaswamy: International Monetary Fund

IMF Staff Papers, 1999, vol. 46, issue 1, 2

Abstract: This paper shows that deindustrialization is explained primarily by developments that are internal to the advanced economies. These include the combined effects on manufacturing employment of a relatively faster growth of productivity in manufacturing, the associated relative price changes, and shifts in the structure of demand between manufactures and services. North-south trade explains less than one-fifth of deindustrialization in the advanced economies. Moreover, the contribution of north-south trade to deindustrialization has been mainly through its effects in stimulating labor productivity in northern manufacturing; it has had little enduring effect on the total volume of manufacturing output in the advanced economies. Copyright 1999, International Monetary Fund

JEL-codes: F1 F43 O1 O3 (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (107)

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