Structural Change and Deindustrialization

Michael Sposi, Jing Zhang and Kei-Mu Yi
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Michael Sposi: Southern Methodist University

No 1328, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: We confirm two of Rodrik's (2016) premature deindustrialization facts: Compared to the advanced economies, countries that have industrialized more recently have had a lower industry share of employment and lower income per capita at their industrial peak. To understand these facts better, we develop a dynamic, multi-sector, multi-country model of structural change that embodies several channels by which structural change can affect industrial employment. We calibrate the model, and back out the "wedges" that account for the evolution of the model's endogenous variables. We then feed the wedges into the model to assess the relative importance of each in accounting for the deindustrialization in recent years.

Date: 2019
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed019:1328

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