Activation of a modern industry /

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Bibliographic Details
Author / Creator:Wang, Ping.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2002.
Description:1 online resource (16 pages)
Language:English
Series:IMF working paper ; WP/02/15
IMF working paper ; WP/02/15.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497495
Hidden Bibliographic Details
Other authors / contributors:Xie, Danyang, 1964-
IMF Institute.
International Monetary Fund.
ISBN:1451891261
9781451891263
1281604321
9781281604323
Notes:Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary: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.
Other form:Print version: Wang, Ping. Activation of a modern industry. [Washington, D.C.] : International Monetary Fund, ©2002

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520 |a 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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