当前位置: X-MOL 学术East Asian Economic Review › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Specialization, Firm Dynamics and Economic Growth
East Asian Economic Review Pub Date : 2019-06-30 , DOI: 10.11644/kiep.eaer.2019.23.2.360
Jaehan Cho , Zhizhuang Ge

Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research and final consumption. The model permits the evaluation of two policy options for stimulating manufacturing growth: (1) a country imports more non-manufacturing goods from a foreign country with higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies improve welfare of the economy, but depending on the policy the manufacturing sector responses differently. Specifically, employment and value-added in manufacturing increase with policy (1), but contract with policy (2). Therefore, specialization of the import nonmanufactured goods helps explain why some Asian economies experience rapid growth in the manufacturing sector without progress in other sectors.

中文翻译:

专业化,企业动态与经济增长

长期以来,人们一直认为农业或服务业的生产率在制造业增长中起着重要作用。在本文中,我们提出了一个一般均衡模型,在该模型中,非制造业提供了用于研究和最终消费的商品,从而刺激了制造业的增长。该模型允许评估两种刺激制造业增长的政策选择:(1)一个国家从具有更高生产率的外国进口更多非制造商品;(2)一个国家提高国内非制造生产率。我们发现这两种政策都可以改善经济福利,但是根据政策的不同,制造业的反应也有所不同。具体而言,制造业的就业和增加值随政策(1)而增加,但随政策(2)而收缩。因此,
更新日期:2019-06-30
down
wechat
bug