On the Welfare Costs of Premature Deindustrialization
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.
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| Format: | Working Paper biblioteca |
| Language: | English English |
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World Bank, Washington, DC
2023-03
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| Subjects: | PREMATURE DEINDUSTRIALIZATION, INEFFICIENCY, WELFARE COSTS, EFFICIENT SECTORAL ALLOCATION, ALLOCATION OF RESOURCES, SERVICE SECTOR, |
| Online Access: | http://documents.worldbank.org/curated/en/099333003072358323/IDU034de5b2804a2e043c70b7c8013c71527bc07 https://openknowledge.worldbank.org/handle/10986/39519 |
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dig-okr-10986395192024-03-11T19:23:44Z On the Welfare Costs of Premature Deindustrialization Fattal Jaef, Roberto N. PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR 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. 2023-03-13T19:53:51Z 2023-03-13T19:53:51Z 2023-03 Working Paper http://documents.worldbank.org/curated/en/099333003072358323/IDU034de5b2804a2e043c70b7c8013c71527bc07 https://openknowledge.worldbank.org/handle/10986/39519 English en Policy Research Working Papers; 10344 CC BY-NC 3.0 IGO World Bank application/pdf text/plain World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English English |
| topic |
PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR |
| spellingShingle |
PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR Fattal Jaef, Roberto N. On the Welfare Costs of Premature Deindustrialization |
| description |
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. |
| format |
Working Paper |
| topic_facet |
PREMATURE DEINDUSTRIALIZATION INEFFICIENCY WELFARE COSTS EFFICIENT SECTORAL ALLOCATION ALLOCATION OF RESOURCES SERVICE SECTOR |
| author |
Fattal Jaef, Roberto N. |
| author_facet |
Fattal Jaef, Roberto N. |
| author_sort |
Fattal Jaef, Roberto N. |
| title |
On the Welfare Costs of Premature Deindustrialization |
| title_short |
On the Welfare Costs of Premature Deindustrialization |
| title_full |
On the Welfare Costs of Premature Deindustrialization |
| title_fullStr |
On the Welfare Costs of Premature Deindustrialization |
| title_full_unstemmed |
On the Welfare Costs of Premature Deindustrialization |
| title_sort |
on the welfare costs of premature deindustrialization |
| publisher |
World Bank, Washington, DC |
| publishDate |
2023-03 |
| url |
http://documents.worldbank.org/curated/en/099333003072358323/IDU034de5b2804a2e043c70b7c8013c71527bc07 https://openknowledge.worldbank.org/handle/10986/39519 |
| work_keys_str_mv |
AT fattaljaefroberton onthewelfarecostsofprematuredeindustrialization |
| _version_ |
1794797137474617344 |