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Author: Paul Gaggl
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a multisector growth model that admits structural change in production networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to investment production are substitutes, rather than strong complements as suggested by existing work. Hence, resources endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment-specific technical change has risen in importance for aggregate U.S. growth over time, with 20-25% of aggregate growth after 2000 stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network has stagnated, contributing to the recent slowdown in aggregate growth.
Author: Paul Gaggl
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a multisector growth model that admits structural change in production networks along the balanced growth path to study these trends. Disaggregated final expenditure data reveal that inputs to investment production are substitutes, rather than strong complements as suggested by existing work. Hence, resources endogenously reallocate toward the fastest growing producers of investment. Growth accounting exercises demonstrate that investment-specific technical change has risen in importance for aggregate U.S. growth over time, with 20-25% of aggregate growth after 2000 stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network has stagnated, contributing to the recent slowdown in aggregate growth.
Author: James McNerney
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Yasuyuki Osumi
Publisher: Springer Nature
ISBN: 981970930X
Category :
Languages : en
Pages : 169
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Book Description
Author: Justin Yifu Lin
Publisher: World Bank Publications
ISBN: 0821389572
Category : Business & Economics
Languages : en
Pages : 389
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Book Description
This book provides an innovative framework to analyze the process of industrial upgrading and diversification, a key feature of economic development. Based on this framework, it provides concrete advice to development practitioners and policy makers on how to unleash a country's growth potential.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
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Book Description
We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop an evolutionary model with agentbased microfoundations. At the core of the model we take into account: (i) firmlevel organisational structure and technological changes; (ii) the impact of technology and organisation on the structure of earnings and income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links between production and organisation structures on the supply side, and the endogenous evolution of income distribution and consumption patterns on the demand side. We first analyse the model's properties, via numerical simulations, for a given setting of the structural conditions; we graphically show that the main determinants of endogenous economic growth and takeoff are the structural variables. We then analyse the space of the parameters that determine the structural conditions; simplified scenarios are identified via numerical simulations, in which patterns of aggregate growth are obtained as an emerging property of different structures of firms' organisation and production, functional composition of employment, income distribution and patterns of consumption. -- Structural change ; consumption ; earnings distribution ; growth
Author: Patrizio Bianchi
Publisher: Edward Elgar Publishing
ISBN: 1788976150
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
This book argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. The book also demonstrates that industrialization remains an important development process for emerging countries. Regarding the future of jobs, the authors show how the substitution of labour in automation is not inevitable since technology is also complementary to human capital. Policymakers should pay more attention to the new skills that will be required. A particular concern is is the rapid change in technology and business compared to institutions which take time to adapt. Territories have an important role to play in order to speed-up institutional adaptation, providing they can act coherently with the other levels of government.
Author: Tessaleno Devezas
Publisher: Springer
ISBN: 3319496042
Category : Business & Economics
Languages : en
Pages : 426
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Book Description
This book presents the latest research perspectives on how the Industry 4.0 paradigm is challenging the process of technological and structural change and how the diversification of the economy affects structural transformation. It also explores the impact of fast-growing technologies on the transformation of socioeconomic and environmental systems, and asks whether structural and technological change can generate sustainable economic growth and employment. Further, the book presents the basic innovations (new technologies, materials, energy, etc) and industrial policies that can lead to such a structural change.
Author:
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Category : Caribbean Area
Languages : en
Pages : 336
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Author: Markus Eberhardt
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 81
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Book Description
"One of the most striking features of economic growth is the process of structural change whereby the share of agriculture in GDP decreases as countries develop. The cross-country growth literature typically estimates an aggregate homogeneous production function or convergence regression model that abstracts from this process of structural change. This paper investigates the extent to which assumptions about aggregation and homogeneity matter for inferences regarding the nature of technology differences across countries. Using a unique World Bank dataset, it estimates production functions for agriculture and manufacturing in a panel of 40 developing and developed countries for the period from 1963 to 1992. It empirically models dimensions of heterogeneity across countries, allowing for different choices of technology within both sectors. The paper argues that heterogeneity is important within sectors across countries implying that an analysis of aggregate data will not produce useful measures of the nature of the technology or productivity. It shows that many of the puzzling elements in aggregate cross-country empirics can be explained by inappropriate aggregation across heterogeneous sectors"--Abstract.
Author: John Pickles
Publisher: John Wiley & Sons
ISBN: 1118632893
Category : Social Science
Languages : en
Pages : 320
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Book Description
Articulations of Capital offers an accessible, grounded, yet theoretically-sophisticated account of the geographies of global production networks, value chains, and regional development in post-socialist Eastern and Central Europe. Proposes a new theorization of global value chains as part of a conjunctural economic geography Develops a set of conceptual and theoretical arguments concerning the regional embeddedness of global production Draws on longitudinal empirical research from over 20 years in the Bulgarian and Slovakian apparel industries Makes a major intervention into the debate over the economic geographies of European integration and EU enlargement
