Does premature deindustrialization matter? : the role of manufacturing versus services in development / Gaurav Nayyar, Marcio Cruz, Linghui Zhu
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 8596Publisher: Washington, D.C. : World Bank Group, Finance, Competitiveness and Innovation Global Practice, September 2018Description: 1 Online-Ressource (circa 28 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Does Premature Deindustrialization Matter? The Role of Manufacturing versus Services in Development. Druck-Ausgabe Washington, D.C : The World Bank, 2018DOI: DOI: 10.1596/1813-9450-8596Online resources: Summary: The shares of manufacturing in value added and employment across a range of developing economies peaked at lower levels of per capita income compared with their high-income, early-industrializer precursors. Based on the statistical analysis of input-output tables and firm-level data, the paper contributes to the discussion on whether this "premature deindustrialization" matters by showing that: a) the premature declining share of the manufacturing sector is largely not driven by a statistical artifice whereby what was earlier subsumed in manufacturing value added is now accounted for as service sector contributions; b) Some features of manufacturing that were thought of as uniquely special for development, such as scale economies, exports, and innovation, are increasingly shared by services sector firms. Yet, a given service subsector is unlikely to provide opportunities for productivity growth and job creation for unskilled labor simultaneously; c) Some high-productivity services serve final demand or derive demand from several sectors, while others are more closely linked to a manufacturing basePPN: PPN: 1040815405Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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