Endowment Structures, Industrial Dynamics, and Economic Growth:
This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward the more capital-intensive ones as the capital endowment becomes more abundant. The model feat...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2009
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward the more capital-intensive ones as the capital endowment becomes more abundant. The model features a continuous inverse-V-shaped pattern of industrial evolution driven by capital accumulation: As the capital endowment reaches a certain threshold, a new industry appears, prospers, then declines and finally disappears. While the industry is declining, a more capital-intensive industry appears and booms, ad infinitum. Explicit solutions are obtained to fully characterize the whole dynamics of perpetual structural change and economic growth. Implications for industrial policies are discussed |
| Beschreibung: | 1 Online-Ressource (45 p) |
| DOI: | 10.1596/1813-9450-5055 |
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| 245 | 1 | 0 | |a Endowment Structures, Industrial Dynamics, and Economic Growth |c Ju, Jiandong |
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| 520 | |a This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward the more capital-intensive ones as the capital endowment becomes more abundant. The model features a continuous inverse-V-shaped pattern of industrial evolution driven by capital accumulation: As the capital endowment reaches a certain threshold, a new industry appears, prospers, then declines and finally disappears. While the industry is declining, a more capital-intensive industry appears and booms, ad infinitum. Explicit solutions are obtained to fully characterize the whole dynamics of perpetual structural change and economic growth. Implications for industrial policies are discussed | ||
| 700 | 1 | |a Ju, Jiandong |4 oth | |
| 700 | 1 | |a Lin, Justin Yifu |4 oth | |
| 700 | 1 | |a Wang, Yong |4 oth | |
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
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| doi_str_mv | 10.1596/1813-9450-5055 |
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| id | DE-604.BV048264497 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:59:49Z |
| indexdate | 2024-10-12T04:00:53Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (45 p) |
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| publishDate | 2009 |
| publishDateSearch | 2009 |
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| publisher | The World Bank |
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| spellingShingle | Ju, Jiandong Endowment Structures, Industrial Dynamics, and Economic Growth |
| title | Endowment Structures, Industrial Dynamics, and Economic Growth |
| title_auth | Endowment Structures, Industrial Dynamics, and Economic Growth |
| title_exact_search | Endowment Structures, Industrial Dynamics, and Economic Growth |
| title_exact_search_txtP | Endowment Structures, Industrial Dynamics, and Economic Growth |
| title_full | Endowment Structures, Industrial Dynamics, and Economic Growth Ju, Jiandong |
| title_fullStr | Endowment Structures, Industrial Dynamics, and Economic Growth Ju, Jiandong |
| title_full_unstemmed | Endowment Structures, Industrial Dynamics, and Economic Growth Ju, Jiandong |
| title_short | Endowment Structures, Industrial Dynamics, and Economic Growth |
| title_sort | endowment structures industrial dynamics and economic growth |
| url | https://doi.org/10.1596/1813-9450-5055 |
| work_keys_str_mv | AT jujiandong endowmentstructuresindustrialdynamicsandeconomicgrowth AT linjustinyifu endowmentstructuresindustrialdynamicsandeconomicgrowth AT wangyong endowmentstructuresindustrialdynamicsandeconomicgrowth |