Catch-Up Growth and Inter-industry Productivity Spillovers

• Tác giả: Marijn A Bolhuis
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.9 Economic development and growth
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2024
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 299205
• Chủ đề: 1. COMPARATIVE ADVANTAGE; 2. CONVERGENCE; 3. EXPORT-LED GROWTH; 4. PRODUCTIVITY; 5. SPILLOVERS

Tóm tắt

Where and when does export-led growth work This paper estimates the importance of inter-industry productivity spillovers for the export-led growth of developing countries. My empirical strategy is based on a standard quantitative trade model that features sector-level gravity in trade flows. Applying the framework to four decades of trade data, I find clear evidence of spillovers, which are larger for skill-intensive sectors. The estimates imply that patterns of sectoral specialization play a quantitatively important role in accounting for the slow convergence of labor productivity in tradable sectors. Quantitative exercises suggest that export-led growth works for poorer countries with an initial comparative advantage in manufacturing, as these countries can use foreign demand from richer countries to reallocate labor towards sectors with high spillovers.