Structural change in an interdependent world: A global view of manufacturing decline

Kiminori Matsuyama*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

60 Scopus citations

Abstract

This paper presents a simple model of the world economy, in which productivity gains in manufacturing are responsible for the global trend of manufacturing decline, and yet, in a cross-section of countries, faster productivity gains in manufacturing do not necessarily imply faster declines in manufacturing. In doing so, it aims to draw attention to the common pitfall of using the cross-country evidence to test a closed economy model, and argues for a global perspective; in order to understand cross-country patterns of structural change, one needs a world economy model in which the interdependence across countries is explicitly spelled out.

Original languageEnglish (US)
Pages (from-to)478-486
Number of pages9
JournalJournal of the European Economic Association
Volume7
Issue number2-3
DOIs
StatePublished - Mar 2009

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Fingerprint Dive into the research topics of 'Structural change in an interdependent world: A global view of manufacturing decline'. Together they form a unique fingerprint.

Cite this