The uneven pace of deindustrialisation in the OECD

Stephen Nickell; Stephen Redding; Joanna Swaffield

doi:10.1111/j.1467-9701.2008.01125.x

The uneven pace of deindustrialisation in the OECD

Stephen Nickell, Stephen Redding, Joanna Swaffield

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Throughout the OECD, the period since the 1970s saw a secular decline in manufacturing's share of GDP and a secular rise in the share of services. Despite this being a central feature of growth, the economic forces behind deindustrialisation and the reasons why its pace varied so markedly across OECD countries are not well understood. Adopting an econometric approach founded in neoclassical production theory, we provide an empirical analysis of the role of changes in relative prices, technology and factor endowments in driving changes in production structure. The speed of adjustment to changes in these determinants of production structure varies across OECD countries and is correlated with levels of employment protection.

Original language	English
Pages (from-to)	1154-1184
Number of pages	31
Journal	The World Economy
Volume	31
Issue number	9
DOIs	https://doi.org/10.1111/j.1467-9701.2008.01125.x
Publication status	Published - Sept 2008

Bibliographical note

M1 - 9

Keywords

ECONOMIC-GROWTH
TRADE
SPECIALIZATION
UNEMPLOYMENT
TECHNOLOGY
ENDOWMENTS
LOCATION
MODELS

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10.1111/j.1467-9701.2008.01125.x

http://ideas.repec.org/a/bla/worlde/v31y2008i9p1154-1184.html

Cite this

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KW - SPECIALIZATION

KW - UNEMPLOYMENT

KW - TECHNOLOGY

KW - ENDOWMENTS

KW - LOCATION

KW - MODELS

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The uneven pace of deindustrialisation in the OECD

Abstract

Bibliographical note

Keywords

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