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  • 标题:De-industrialization and Emerging Market Economies
  • 本地全文:下载
  • 作者:Joshua Aizenman
  • 期刊名称:Journal of Economic Development - Seoul
  • 印刷版ISSN:0254-8372
  • 出版年度:2001
  • 卷号:26
  • 期号:1
  • 出版社:Economic Research Institute
  • 摘要:This paper identifies a non-linear pattern of industrialization. A panel regression suggests that the manufacturing/GDP share reaches its peak when the developing country’s GDP/capita reaches about 60% of the US GDP/capita, and that financial depth is associated with a higher manufacturing share. We provide an interpretation for the above findings in a global economy characterized by a traded manufacturing industry, where the number of varieties is endogenously determined, and non traded services. While de-industrialization would have occurred even in the absence of the emerging markets, their presence magnifies this process for the high-income countries.
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