Publication:
Central America’s Deindustrialization

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dc.contributor.authorSinha, Rishabh
dc.date.accessioned2022-10-12T15:12:35Z
dc.date.available2022-10-12T15:12:35Z
dc.date.issued2022-10
dc.description.abstractThe paper assembles and harmonizes sectoral data from several sources to study the industrial trends in six Central American economies. The industrial employment share contracted by 2.5 percentage points on average over the past two decades. This deindustrialization was not trade-driven in which economies substitute domestic production of industrial goods via cheaper imports. Instead, an increase in barriers restricting the efficient flow of labor across sectors drives this decline. Adopting policies that target such barriers can potentially deliver considerable industrial expansion. But the economic impact of this policy is likely to be marginal, with aggregate output increasing by 3 percent or less if barriers are eliminated. At the same time, this approach also carries several risks, and rather than reining in inefficiency might introduce new distortions making the economy more inefficient. Perhaps a more prudent growth strategy will be to concentrate on boosting productivity, which, although challenging, has a direct effect on output.en
dc.identifierhttp://documents.worldbank.org/curated/en/099742510112222856/IDU0919bd61b0645d04705089b50dd57259ef4ec
dc.identifier.doi10.1596/1813-9450-10203
dc.identifier.urihttps://hdl.handle.net/10986/38137
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers;10203
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEINDUSTRIALIZATION
dc.subjectSTRUCTURAL TRANSFORMATION
dc.subjectGROWTH
dc.subjectTRADE
dc.subjectLABOR MARKET WEDGE
dc.subjectINDUSTRIAL TREND
dc.subjectINDUSTRIAL EMPLOYMENT
dc.subjectPRODUCTIVITY
dc.titleCentral America’s Deindustrializationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2022-10-11
okr.date.doiregistration2025-04-10T11:13:27.364288Z
okr.date.lastmodified2022-10-11T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099742510112222856/IDU0919bd61b0645d04705089b50dd57259ef4ec
okr.guid099742510112222856
okr.identifier.doi10.1596/1813-9450-10203
okr.identifier.externaldocumentumIDU-919bd61b-645d-4705-89b5-dd57259ef4ec
okr.identifier.internaldocumentum33915570
okr.identifier.reportWPS10203
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099742510112222856/pdf/IDU0919bd61b0645d04705089b50dd57259ef4ec.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCentral America
okr.sectorCentral Government (Central Agencies)
okr.topicIndustry::General Manufacturing
okr.topicIndustry::Industrial Economics
okr.topicIndustry::Industrial Management
okr.topicInternational Economics and Trade::Competition Policy
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
relation.isAuthorOfPublicationd8650a79-a017-5cd5-bb70-36ce89fe4f1d
relation.isAuthorOfPublication.latestForDiscoveryd8650a79-a017-5cd5-bb70-36ce89fe4f1d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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