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Industrial Upgrading in a Multiple-cone Heckscher-Ohlin Model: The Flying Geese Patterns of Industrial Development.
- Source :
- Review of Development Economics; Feb2014, Vol. 18 Issue 1, p177-193, 17p
- Publication Year :
- 2014
-
Abstract
- This paper examines empirically how the multiple-cone version of the Heckscher- Ohlin ( HO) model fits the 'flying geese' patterns of industrial development: a series of industries appear, prosper, then decline and finally disappear one after another. Using Japanese manufacturing data from 1975 to 2006, the analysis shows that the multiple-cone model fits well with the flying geese patterns of Japanese industrial development. The result suggests that part of the industrial upgrading can be explained by the multiple-cone HO model. This also implies that an underlying mechanism of macroeconomic growth is industrial upgrading, part of which can be attributed to capital accumulation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 13636669
- Volume :
- 18
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Review of Development Economics
- Publication Type :
- Academic Journal
- Accession number :
- 93876802
- Full Text :
- https://doi.org/10.1111/rode.12077