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Activation of a Modern Industry [electronic resource]

Author
Xie, Danyang
Published
Washington : International Monetary Fund Jan. 2002
Physical Description
24 p.
Additional Creators
Wang, Ping
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Summary
Annotation This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and nonhuman resources, production factor matching, and industrial coordination are all important for activating a modern industry. In the process of industrial transformation, job destruction may exceed job creation, and income distribution may get worse immediately following the activation of a modern industry. An array of policy prescriptions for advancing a poor country is provided.
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ISBN
9781451843279
1451843275 (Trade Paper)
View MARC record | catkey: 15209439