Faculty Publications

Title

The development of manufacturing: Unintended consequence

Document Type

Article

Keywords

Agriculture, Dual economy, Structural change

Journal/Book/Conference Title

Journal of Asian Economics

Volume

52

First Page

1

Last Page

11

Abstract

Structural change has taken divergent paths in India and Bangladesh. Using a dual economy perspective it is hypothesized that structural change is related to the intersectoral terms of trade. That is, the share of manufacturing in the economy falls as the price of agricultural goods rises relative to that for manufacturing and vice versa. This hypothesis is tested using data from the two countries and is found to be valid. Further, the differing movement in the intersectoral terms of trade in the two countries is found to be related to the type of policy followed (especially with respect to agriculture).

Original Publication Date

10-1-2017

DOI of published version

10.1016/j.asieco.2017.07.001

Repository

UNI ScholarWorks, Rod Library, University of Northern Iowa

Language

en

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