Developing countries are deindustrializing at earlier stages of development than experienced by advanced economies. Is this trend symptomatic of inefficiency? If so, what are the welfare costs? This paper proposes a definition of premature deindustrialization based on whether the pace of deindustrialization diverges from the one implied by a theoretical benchmark of efficient sectoral allocation. It identifies 10 episodes of premature deindustrialization...
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INFORMACIÓN
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2023/03/07
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS10344
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1
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2023/03/07
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Disclosed
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On the Welfare Costs of Premature Deindustrialization