search query: @indexterm STRUCTURAL CHANGE / total: 382
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| Author: | Matsuyama, K. |
| Title: | Structural change in an interdependent world: A global view of manufacturing decline |
| Journal: | Journal of the European Economic Association
2009 : APR-MAY, VOL. 7:2-3, p. 478-486 |
| Index terms: | manufacturing productivity structural change |
| Language: | eng |
| Abstract: | This article presents a simple model of the world economy in which productivity gains in manufacturing are responsible for the global trend of manufacturing decline. However, in a cross-section of countries, faster productivity gains in manufacturing do not necessarily imply faster declines in manufacturing. This article tries to draw attention to the common pitfall of using cross-country evidence to test a closed economy model. One needs a world economy model where the interdependence across countries is explicitly spelled out in order to understand cross-country patterns of structural change. |
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