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    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
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9468
    Metadata
    Show full item record
    Thumbnail
    swp-062-industrialization-capital-accumulation.pdf (6.457Mb)
    Author
    Hayashi, Tadateru
    Theme
    Industry
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise