Industrialization and human resources training: an approach of policies coordination

Saúl Mendoza-Palacios (), Julen Berasaluce () and Alfonso Mercado ()
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Saúl Mendoza-Palacios: El Colegio de México
Julen Berasaluce: El Colegio de México
Alfonso Mercado: El Colegio de México

Serie documentos de trabajo del Centro de Estudios Económicos from El Colegio de México, Centro de Estudios Económicos

Abstract: This paper proposes a dynamic model to show that the coordination of public policies is a key driving factor for an economy to develop successfully. We analyze three public policy domains: innovation policies; policies of human resources training, wages and employment; and push policies. These policies determine whether the economy achieves paths that drive it to a full industrialization, which happens when the initial state lies above the industrialization frontier. Otherwise, the economy would remain stuck in a poverty trap, where there are no marginal incentives for industrialization or training of labor.

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: 2021-01
New Economics Papers: this item is included in nep-isf
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Persistent link: https://EconPapers.repec.org/RePEc:emx:ceedoc:2021-01

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