publication . Article . Preprint . 2000

Industrial Employment, Investment Equipment, and Economic Growth*

Dellas, Harris; Koubi, Vally;
Restricted
  • Published: 01 Aug 2000 Journal: Economic Development and Cultural Change, volume 49, pages 867-881 (issn: 0013-0079, eissn: 1539-2988, Copyright policy)
  • Publisher: University of Chicago Press
Abstract
The industrialization of labour is the main engine of growth during the early stages of economic development. In less developed countries, equipment investment has played a less important role than non-equipment investment; and it has only proved growth enhancing when it either encountered a substantial industrial labour force or fostered a large increase in the share of industrial employment. These findings draw attention to the effects of investment on the composition of the labour force; and unlike recent claims emphasizing industrialization via equipment investment, they suggest that employment industrialization policies may hold the key to success in the LD...
Subjects
free text keywords: Economic Development; Equipment Investment; Industrial Employment; Labour Intensive Technology, Economics and Econometrics, Development, Economics, Market economy, Industrialisation, Developing country, Open-ended investment company, jel:O14, jel:O30, jel:O57
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publication . Article . Preprint . 2000

Industrial Employment, Investment Equipment, and Economic Growth*

Dellas, Harris; Koubi, Vally;