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Trade and Industrialization in Developing Agricultural Economies
Author:
Mr. Athanasios Vamvakidis
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Mr. Sergei Dodzin
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Series:
IMF Working Papers
Volume/Issue:
Volume 1999: Issue 145
Language:
English
Publication Date:
01 Oct 1999
DOI:
https://doi.org/10.5089/9781451856521.001
ISBN:
9781451856521
ISSN:
1018-5941
Pages:
41
Keywords:
WP; trade share; free trade; infant industry argument; economic integration; industrialization; import share; learning by doing; agriculture value; closed economy; Agricultural sector; Industrial sector; Manufacturing; Imports; Trade liberalization; East Asia; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines the impact of international trade on industrialization in developing agricultural economies. The findings show that developing agricultural economies that increased their openness during 1970-95 experienced an increase in their share of industrial production at the expense of agricultural production. This is in contrast to what many policymakers in these economies have often argued when trying to promote industrialization by restricting trade. The paper presents an infant industry model with learning effects from imports of manufacturing products that is consistent with the supporting empirical results.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund