TY - JOUR
T1 - Industrial Upgrading in a Multiple-cone Heckscher-Ohlin Model
T2 - The Flying Geese Patterns of Industrial Development
AU - Kiyota, Kozo
N1 - Copyright:
Copyright 2014 Elsevier B.V., All rights reserved.
PY - 2014/2
Y1 - 2014/2
N2 - 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.
AB - 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.
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U2 - 10.1111/rode.12077
DO - 10.1111/rode.12077
M3 - Article
AN - SCOPUS:84892891614
VL - 18
SP - 177
EP - 193
JO - Review of Development Economics
JF - Review of Development Economics
SN - 1363-6669
IS - 1
ER -