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01572nmm a2200241 u 4500 |
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EBX01000000000000001239563 |
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221013 ||| eng |
| 100 |
1 |
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|a Ju, Jiandong
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| 245 |
0 |
0 |
|a Endowment Structures, Industrial Dynamics, and Economic Growth
|h Elektronische Ressource
|c Ju, Jiandong
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| 260 |
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|a Washington, D.C
|b The World Bank
|c 2009
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| 300 |
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|a 45 p
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| 700 |
1 |
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|a Ju, Jiandong
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| 700 |
1 |
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|a Lin, Justin Yifu
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| 700 |
1 |
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|a Wang, Yong
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b WOBA
|a World Bank E-Library Archive
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| 028 |
5 |
0 |
|a 10.1596/1813-9450-5055
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| 856 |
4 |
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|u http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5055
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|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
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