What factors drive successful industrialization?: Evidence and implications for developing countries
| Autor: | Marco Sanfilippo, Nobuya Haraguchi, Bruno Martorano |
|---|---|
| Přispěvatelé: | Maastricht Graduate School of Governance, RS: FSE MGSoG |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
Financial sector development Economics Manufacturing and Service Industries media_common.quotation_subject Control (management) STRUCTURAL-CHANGE 0211 other engineering and technologies Developing country 02 engineering and technology Public administration o00 - Economic Development and Growth Developing countries Politics Promotion (rank) DEPENDENCE 0502 economics and business Development economics Openness to experience 021108 energy 050207 economics o00 - Economic Development Technological Change and Growth Policies media_common ECONOMIC-GROWTH 05 social sciences industrialization Industrialization Choice of Technology Technological Change Industrialisation Capital (economics) PATTERNS Economic Development |
| Zdroj: | Structural Change and Economic Dynamics, 49, 266-276. Elsevier Structural change and economic dynamics |
| ISSN: | 0954-349X |
| Popis: | This paper analyses the drivers of successful industrialization in developing countries. We consider two different periods, 1970-1990 and 1991-2014, likely to be affected by different patterns of industrialization due to major political, technological and organizational changes. We subsequently develop a methodology to identify a small group of countries for each period, which have exhibited a pattern of industrialization that is not only remarkable in absolute terms, but also sustained. Our analysis reveals that successful industrialization is driven by a combination of factors, including a country's initial economic conditions, factor endowments and other characteristics, such as demography and geography. We also show that other variables that policymakers can control play a crucial role. This includes, among others, the promotion of investments (both public and privately funded) and education; the management of trade and capital openness; financial sector development and the promotion of both macroeconomic and institutional stability. (C) 2018 Elsevier B.V. All rights reserved. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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