Activation of a Modern Industry

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dc.contributor.authorWang, Ping
dc.contributor.authorXie, Danyang
dc.date.accessioned2020-09-13T19:45:50Z
dc.date.available2020-09-13T19:45:50Z
dc.date.issued2001
dc.description.abstractThis 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 are provided.
dc.description.departmentEconomics
dc.identifier.urihttp://hdl.handle.net/1803/15697
dc.language.isoen_US
dc.publisherVanderbilt Universityen
dc.subjectJEL Classification Number: D24, O14, D33.
dc.subject.other
dc.titleActivation of a Modern Industry
dc.typeWorking Paperen
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