Format:
1 Online-Ressource (33 pages)
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Fattal Jaef, Roberto N On the Welfare Costs of Premature Deindustrialization Washington, D.C. : The World Bank, 2023
Language:
English
DOI:
10.1596/1813-9450-10344
