Trade and Industrialization in Developing Agricultural Economies

Athanasios Vamvakidis and Sergei Dodzin

No 1999/145, IMF Working Papers from International Monetary Fund

Abstract: This paper examines the impact of international trade on industrialization in developing agricultural economies. The findings show that developing agricultural economies that increased their openness during 1970-95 experienced an increase in their share of industrial production at the expense of agricultural production. This is in contrast to what many policymakers in these economies have often argued when trying to promote industrialization by restricting trade. The paper presents an infant industry model with learning effects from imports of manufacturing products that is consistent with the supporting empirical results.

Keywords: WP; trade share; free trade; infant industry argument; economic integration; industrialization; import share; learning by doing; agriculture value; closed economy; Agricultural sector; Industrial sector; Manufacturing; Imports; Trade liberalization; East Asia; Global (search for similar items in EconPapers)
Pages: 41
Date: 1999-10-01
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Citations: View citations in EconPapers (6)

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