Public Policy and Industrial Transformation in the Process of Development

This paper studies the role of public policy in promoting industrial transformation from an imitationbased, low-skill economy to an innovation-based, high-skill economy, where technological progress now occurs through the domestic invention of idea...

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Bibliographic Details
Main Authors:	Agenor, Pierre-Richard, Dinh, Hinh T.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCESS TO BANK ACCESS TO BANK LOANS ACCOUNTING ADJUSTMENT PROCESS ADVERSE EFFECT AGRICULTURE ALLOCATION ARBITRAGE ASSET PRICE BANK LOANS BENCHMARK BINDING CONSTRAINT BONDS BUDGET CONSTRAINT BUSINESS CYCLE CAPITAL FORMATION CAPITAL GAIN CAPITAL STOCKS CENTRAL BANK COLLATERAL COMMODITY PRICES COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER EXPENDITURE CONSUMPTION EXPENDITURE DEADWEIGHT DEADWEIGHT LOSS DEFICIT FINANCING DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIMINISHING RETURNS DISCOUNT RATE DISCOUNTED VALUE EARNING ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES OF SCALE ELASTICITY OF SUBSTITUTION EMPLOYMENT ENTRY COST EQUILIBRIUM EQUIPMENT EXOGENOUS RATE EXPORT MARKET EXPORTS EXTERNAL FINANCE EXTERNALITIES EXTERNALITY FINANCIAL SECTOR FINANCIAL SUPPORT FIRM GROWTH FIRM LEVEL FIRM PERFORMANCE FIRM SIZE FISCAL POLICY FIXED CAPITAL FORMAL ANALYSIS GDP GLOBALIZATION GOVERNMENT INVESTMENT GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH RATE HOLDING HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME GROWTH INDUSTRIALIZATION INEXPERIENCED WORKERS INFORMAL ECONOMY INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INTELLECTUAL PROPERTY INTEREST RATE INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INVESTING INVESTMENT FLOWS INVESTMENT RATE JOBS LABOR COST LABOR COST ADVANTAGE LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR SUPPLY LACK OF CREDIT LEGAL CONSTRAINTS LEVIES LIVING STANDARDS LOCAL FIRMS LONG-RUN EFFECTS MACROECONOMICS MANUFACTURING INDUSTRIES MARGINAL BENEFITS MARGINAL COST MARGINAL PRODUCT MARGINAL REVENUE MARKET CONDITIONS MARKET INTEREST RATE MARKET SHARE MAXIMUM LIKELIHOOD ESTIMATION MONETARY FUND NATURAL RESOURCES OPEN ECONOMY OPPORTUNITY COST OPTIMIZATION PATENTS POLITICAL ECONOMY POSITIVE EXTERNALITY PREVIOUS SECTION PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRIVATE CAPITAL PRIVATE CAPITAL STOCK PRIVATE INVESTMENT PRODUCT INNOVATION PRODUCTION COSTS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SPENDING RATE OF RETURN RENTS RURAL WORKERS SCALE EFFECTS SHARE OF INVESTMENT SKILL PREMIUM SKILL REQUIREMENTS SKILLED WORKERS STOCKS TAX TAX RATE TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRAINING COST TRAINING COSTS TRAINING PERIOD UNSKILLED LABOR UNSKILLED WORKER UNSKILLED WORKERS UTILITY FUNCTION VALUE ADDED VOCATIONAL TRAINING VOCATIONAL TRAINING PROGRAMS WAGE INCREASES WAGE RATE WAGES
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17558108/public-policy-industrial-transformation-process-development http://hdl.handle.net/10986/14443