Publication:
Public Policy and Industrial Transformation in the Process of Development

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dc.contributor.authorAgenor, Pierre-Richard
dc.contributor.authorDinh, Hinh T.
dc.date.accessioned2013-07-10T17:20:52Z
dc.date.available2013-07-10T17:20:52Z
dc.date.issued2013-04
dc.description.abstractThis 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 ideas. Industrial transformation is measured by changes in an index of industrial structure, defined as the ratio of the variety of imitation- to innovation-based intermediate goods. A key mechanism through which productivity increases initially in both the imitation and innovation sectors is through a knowledge externality associated with learning by doing in the imitation sector. The process of industrialization increases the demand for high-skill labor, inducing individuals to invest in education. The model also emphasizes the distinction between basic or core infrastructure, which promotes imitation, and advanced infrastructure, which promotes innovation. A calibrated version for a low-income country is used to perform several policy experiments, including an increase in investment in infrastructure, a reduction in the cost of training, and improved enforcement of property rights.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/04/17558108/public-policy-industrial-transformation-process-development
dc.identifier.doi10.1596/1813-9450-6405
dc.identifier.urihttps://hdl.handle.net/10986/14443
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relation.ispartofseriesPolicy Research Working Paper;No.6405
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO BANK LOANS
dc.subjectACCOUNTING
dc.subjectADJUSTMENT PROCESS
dc.subjectADVERSE EFFECT
dc.subjectAGRICULTURE
dc.subjectALLOCATION
dc.subjectARBITRAGE
dc.subjectASSET PRICE
dc.subjectBANK LOANS
dc.subjectBENCHMARK
dc.subjectBINDING CONSTRAINT
dc.subjectBONDS
dc.subjectBUDGET CONSTRAINT
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GAIN
dc.subjectCAPITAL STOCKS
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMER EXPENDITURE
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectDEADWEIGHT
dc.subjectDEADWEIGHT LOSS
dc.subjectDEFICIT FINANCING
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIMINISHING RETURNS
dc.subjectDISCOUNT RATE
dc.subjectDISCOUNTED VALUE
dc.subjectEARNING
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEMPLOYMENT
dc.subjectENTRY COST
dc.subjectEQUILIBRIUM
dc.subjectEQUIPMENT
dc.subjectEXOGENOUS RATE
dc.subjectEXPORT MARKET
dc.subjectEXPORTS
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRM GROWTH
dc.subjectFIRM LEVEL
dc.subjectFIRM PERFORMANCE
dc.subjectFIRM SIZE
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFORMAL ANALYSIS
dc.subjectGDP
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectHOLDING
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROWTH
dc.subjectINDUSTRIALIZATION
dc.subjectINEXPERIENCED WORKERS
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVESTING
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT RATE
dc.subjectJOBS
dc.subjectLABOR COST
dc.subjectLABOR COST ADVANTAGE
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR SUPPLY
dc.subjectLACK OF CREDIT
dc.subjectLEGAL CONSTRAINTS
dc.subjectLEVIES
dc.subjectLIVING STANDARDS
dc.subjectLOCAL FIRMS
dc.subjectLONG-RUN EFFECTS
dc.subjectMACROECONOMICS
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARGINAL BENEFITS
dc.subjectMARGINAL COST
dc.subjectMARGINAL PRODUCT
dc.subjectMARGINAL REVENUE
dc.subjectMARKET CONDITIONS
dc.subjectMARKET INTEREST RATE
dc.subjectMARKET SHARE
dc.subjectMAXIMUM LIKELIHOOD ESTIMATION
dc.subjectMONETARY FUND
dc.subjectNATURAL RESOURCES
dc.subjectOPEN ECONOMY
dc.subjectOPPORTUNITY COST
dc.subjectOPTIMIZATION
dc.subjectPATENTS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOSITIVE EXTERNALITY
dc.subjectPREVIOUS SECTION
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL STOCK
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCT INNOVATION
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GAINS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY INCREASES
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SPENDING
dc.subjectRATE OF RETURN
dc.subjectRENTS
dc.subjectRURAL WORKERS
dc.subjectSCALE EFFECTS
dc.subjectSHARE OF INVESTMENT
dc.subjectSKILL PREMIUM
dc.subjectSKILL REQUIREMENTS
dc.subjectSKILLED WORKERS
dc.subjectSTOCKS
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRAINING COST
dc.subjectTRAINING COSTS
dc.subjectTRAINING PERIOD
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKER
dc.subjectUNSKILLED WORKERS
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectVOCATIONAL TRAINING
dc.subjectVOCATIONAL TRAINING PROGRAMS
dc.subjectWAGE INCREASES
dc.subjectWAGE RATE
dc.subjectWAGES
dc.titlePublic Policy and Industrial Transformation in the Process of Developmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titlePublic Policy and Industrial Transformation in the Process of Development
okr.date.disclosure2013-04-01
okr.date.doiregistration2025-04-10T12:09:37.266591Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/04/17558108/public-policy-industrial-transformation-process-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid568171468320670974
okr.identifier.doi10.1596/1813-9450-6405
okr.identifier.externaldocumentum000158349_20130409175937
okr.identifier.internaldocumentum17558108
okr.identifier.reportWPS6405
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/09/000158349_20130409175937/Rendered/PDF/wps6405.pdfen
okr.topicSocial Protections and Labor::Labor Policies
okr.topicSocial Protections and Labor::Labor Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Political Economy
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication06cbddd5-544f-5c06-b641-c2d93dd915b3
relation.isAuthorOfPublication.latestForDiscovery06cbddd5-544f-5c06-b641-c2d93dd915b3
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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