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Perspectives on trade and structural transformation.
- Source :
-
Oxford Development Studies . Dec2023, Vol. 51 Issue 4, p455-475. 21p. - Publication Year :
- 2023
-
Abstract
- This paper surveys macroeconomic and microeconomic perspectives on the role of international trade in structural transformation. We start by describing canonical frameworks that have been used to quantify how trade influences sectoral shares of employment and value added. We then pivot to survey micro-empirical evidence on the impact of changes in trade on the allocation of labor across sectors and productivity at the firm level. In this, we put special emphasis on the role of participation in global value chains and inward foreign direct investment in mediating these effects. Next, we evaluate evidence on the barriers to trade faced by low-income countries, with special attention to recent work that measures these costs taking firm dynamics into account. We conclude by discussing how these micro-perspectives can be integrated into macro models to advance our understanding of structural change. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 13600818
- Volume :
- 51
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Oxford Development Studies
- Publication Type :
- Academic Journal
- Accession number :
- 175570673
- Full Text :
- https://doi.org/10.1080/13600818.2023.2279665