| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP12278
|
| DP12278 Flowers of Evil? Industrialization and Long Run Development |
| Raphael Franck; Oded Galor
|
| 发表日期 | 2017-09-07
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | This research explores the effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth, the study establishes that while the adoption of industrial technology was conducive to economic development in the short-run, it has detrimental effects on the standard of living in the long-run. Exploiting exogenous geographic and climatic sources of variation in the diffusion and adoption of steam engines across French departments during the early phases of industrialization, the research establishes that intensive industrialization in the middle of the 19th century increased income per capita in the subsequent decades but diminished it by the turn of the 21st century. The analysis further suggests that the adverse effect of earlier industrialization on long-run prosperity can be attributed to the negative impact of the adoption of unskilled-intensive technologies in the early stages of industrialization on the long-run level of human capital and thus on the incentive to adopt skill-intensive technologies in the contemporary era. Preferences and educational choices of second generation migrants within France indicate that industrialization has triggered a dual techno-cultural lock-in characterized by a reinforcing interaction between technological inertia, reflected by the persistence predominance of low-skilled-intensive industries, and cultural inertia, in the form of a lower predisposition towards investment in human capital. These findings suggest that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology per se, have been the source of prosperity among the currently developed economies that experienced an early industrialization. Thus, developing economies may benefit from the allocation of resources towards human capital formation and skilled intensive sectors rather than toward the promotion of traditional unskilled-intensive industrial sectors. |
| 主题 | Economic History
; Macroeconomics and Growth
|
| 关键词 | Economic growth
Human capital
Industrialization
Steam engine
|
| URL | https://cepr.org/publications/dp12278
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541089
|
推荐引用方式
GB/T 7714 |
Raphael Franck,Oded Galor. DP12278 Flowers of Evil? Industrialization and Long Run Development. 2017.
|
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