SMU SOE Seminar (Mar 13, 2019, 2-3.30pm): Structural Change and De-Industrialization

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ABSTRACT Compared to the early industrializing countries, countries that have industrialized more recently have had a lower industry share of employment, and a lower income per capita, at the time their industrial employment share peaked. To understand the sources of these two patterns, we develop a dynamic, multi-sector, multi-country model of structural change that embodies several channels by which structural change can affect industrial employment. We calibrate the model, and solve for the "wedges" that account for the evolution of the model's observable endogenous variables. We then feed the wedges into the model to assess the relative importance of each in accounting for the deindustrialization in recent years. Click here to view the CV.
		PRESENTER Kei-Mu Yi University of Houston
		RESEARCH FIELDS Trade and Growth Trade and Structural transformation Gains from trade
		DATE: 13 March 2019 (Wednesday)
		TIME: 2pm - 3.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903

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