Industrialization of Developing Countries in a Multicountry, Multisector Capital Accumulation Model

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dc.contributor.authorADB; Hayashi, Tadateru
dc.date.accessioned2021-10-05T15:03:20Z
dc.date.available2021-10-05T15:03:20Z
dc.date.issued2018-12
dc.descriptionThis publication shows that industrialization of developing countries happens when their relative share in global production becomes larger than the global demand for consumption goods. Industrialization is simulated in a capital accumulation model with two countries, three goods, and two factors. The model accommodates trade relations where countries specialize in producing certain goods and includes production under monopolistic competition and intermediate inputs. Capital mobility across the border can facilitate the industrialization of developing countries. They will continue borrowing capital from advanced countries even at the steady state.
dc.format.extent26
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-5867
dc.identifier.issn2313-5875
dc.identifier.urihttps://www.adb.org/publications/industrialization-developing-countries-capital-accumulation-model
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5306
dc.subject.otherIndustry and trade
dc.titleIndustrialization of Developing Countries in a Multicountry, Multisector Capital Accumulation Model
local.publication.countryRegional - Asia and the Pacific

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