TY - BOOK ID - 84539372 TI - Activation of a Modern Industry AU - Xie, Danyang. AU - Wang, Ping. PY - 2002 SN - 1462357156 1452786623 1281604321 9786613785015 1451891261 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Industrialization KW - Manufacturing and Service Industries KW - Choice of Technology KW - Factor Income Distribution KW - Labor Economics: General KW - Unemployment: Models, Duration, Incidence, and Job Search KW - Professional Labor Markets KW - Occupational Licensing KW - Wages, Compensation, and Labor Costs: General KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Labour KW - income economics KW - Skilled labor KW - Labor economics KW - Labor market KW - Economic theory KW - Taiwan Province of China UR - https://www.unicat.be/uniCat?func=search&query=sysid:84539372 AB - This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry-wide spillovers, and degrees of consumption subsistence. We find that human and nonhuman resources, production factor matching, and industrial coordination are all important for activating a modern industry. In the process of industrial transformation, job destruction may exceed job creation, and income distribution may get worse immediately following the activation of a modern industry. An array of policy prescriptions for advancing a poor country is provided. ER -