Details

Subject(s)

• Deindustrialization [Browse]

Series

Policy research working papers. [More in this series]

Summary note

Developing countries are deindustrializing at earlier stages of development than experienced by advanced economies. Is this trend symptomatic of inefficiency If so, what are the welfare costs This paper proposes a definition of premature deindustrialization based on whether the pace of deindustrialization diverges from the one implied by a theoretical benchmark of efficient sectoral allocation. It identifies 10 episodes of premature deindustrialization, carrying negligible welfare costs, below 1 percent of aggregate consumption.

Source of description

Description based on publisher supplied metadata and other sources.

Other standard number

• 10.1596/1813-9450-10344

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