Endowment Structures, Industrial Dynamics, and Economic Growth

Endowment Structures, Industrial Dynamics, and Economic Growth

This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward the more capital-intensive ones as the capital endowment becomes more abundant. The model feat...

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Bibliographic Details
Main Authors: Ju, Jiandong, Lin, Justin Yifu, Wang, Yong
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ADJUSTMENT POLICIES
ADVANCED COUNTRIES
AGGREGATE LEVEL
AGGREGATE PRODUCTION FUNCTION
AGRICULTURE
ALLOCATION
ALLOCATION OF CAPITAL
BENCHMARK
BUDGET CONSTRAINT
CAPITAL ACCUMULATION
CAPITAL ALLOCATION
CAPITAL INTENSITIES
CAPITAL INTENSITY
CAPITAL LEVELS
CAPITAL REQUIREMENT
CAPITAL SHARE
CAPITAL SHARES
CAPITAL STOCK
CAPITAL-LABOR
CAPITAL-LABOR RATIO
CAPITALISM
CLOSED ECONOMY
COMMODITIES
COMMODITY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
CONSTANT RATE
CONSTANT RETURNS
CONSTANT RETURNS TO SCALE
CONSUMERS
CONSUMPTION GOODS
DEMOCRACY
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPING ECONOMY
DEVELOPMENT ECONOMICS
DEVELOPMENT PATH
DEVELOPMENT POLICIES
DEVELOPMENT POLICY
DEVELOPMENT STRATEGIES
DEVELOPMENT STRATEGY
DISCOUNT RATE
DISTRIBUTION OF INCOME
DOMESTIC MARKET
DYNAMIC ANALYSIS
DYNAMIC ECONOMY
DYNAMIC MODEL
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC THEORY
ELASTICITY
ELASTICITY OF SUBSTITUTION
EQUILIBRIUM
EXPENDITURE
EXTERNALITIES
EXTERNALITY
FACTION
FULL EMPLOYMENT
FUNCTIONAL FORMS
FUTURE RESEARCH
GDP
GROWTH LITERATURE
GROWTH MODEL
GROWTH MODELS
GROWTH PATH
GROWTH RATE
GROWTH RATES
HUMAN CAPITAL
INCOME
INDUSTRIAL COUNTRIES
INDUSTRIALIZATION
INTANGIBLE
INTERMEDIATE GOODS
INTERNATIONAL BANK
INTERNATIONAL INVESTMENT
INTERNATIONAL TRADE
INVESTMENT DECISIONS
LOW-INCOME COUNTRY
MACROECONOMIC POLICIES
MACROECONOMICS
MANUFACTURING INDUSTRIES
MARGINAL UTILITY
MODEL OF GROWTH
MONOPOLY
MULTIPLIERS
NATURAL RESOURCES
OPEN ECONOMIES
OPEN ECONOMY
OPTIMIZATION
OUTPUT RATIO
PER CAPITA INCOME
POLITICAL ECONOMY
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTION STRUCTURE
PRODUCTION STRUCTURES
PRODUCTIVITY
PRODUCTIVITY GROWTH
REAL INTEREST
REAL INTEREST RATE
RELATIVE PRICES
RENTAL PRICE OF CAPITAL
RETURN
SAVINGS
SECTOR MODEL
SHARE OF LABOR
SMALL ECONOMY
SOCIAL DEVELOPMENT
SOCIALISM
SPECIALIZATION
STATIC EQUILIBRIUM
STRUCTURAL CHANGE
SUSTAINABLE GROWTH
TECHNOLOGICAL CHANGE
TECHNOLOGICAL INNOVATION
TECHNOLOGY TRANSFER
TFP
TOTAL CONSUMPTION
TOTAL OUTPUT
USE OF CAPITAL
UTILITY FUNCTION
WEALTH
WEALTH OF NATIONS
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100727144037
http://hdl.handle.net/10986/4351

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