Industrialization of developing Countries in a Multicountry, Multisector Capital accumulation Model
Hayashi, Tadateru | December 2018
Abstract
This working paper shows that developing countries industrialize, or start producing investment goods, when their relative share in global production becomes larger than the global demand for consumption goods. Industrialization is simulated in a capital accumulation model with two countries, three goods, and two factors. The model accommodates trade relations where countries specialize in producing certain goods and includes production under monopolistic competition and intermediate inputs. Capital mobility across the border can facilitate the industrialization of developing countries. They will continue borrowing capital from advanced countries even at the steady state.
Citation
Hayashi, Tadateru. 2018. Industrialization of developing Countries in a Multicountry, Multisector Capital accumulation Model. © Asian Development Bank. http://hdl.handle.net/11540/9468. License: CC BY 3.0 IGO.ISSN
2313-5867 (print)
2313-5875 (electronic)
Keywords
Telecommunication Companies
Rural Rehabilitation
Biotechnology
Inter Industry Trade
Industrial Policy
Industrial Investment
Industrial Development
Small Scale Industry
Medium Scale Industry
Local Industry
Transport Infrastructure
Trade regulations
Telecommunications Industry
Computers
Trade data interchange
Access to markets
E-Commerce
Trade And Development
Large Scale Industry
Regional Trade
Commerce and Industry
Trade Negotiations
Merchandise Trade
Domestic Trade
Computer Industry
Trade Regulation
intellectual Property Rights
Rural development
Unfair competition
Supply and demand
Energy policy
Developing countries
Industrial organizations
Creative industries
Investment banking
Microfinance
Financial planning industry
Infrastructure
Manufactures
Business failures
Wages and labor productivity
Microelectronics industry
Electronic industries
Digital electronics
Microelectronics
Electronic commerce
Business enterprises
Digital
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