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The drivers of deindustrialization in advanced economies: A hierarchical structural decomposition analysis
Structural Change and Economic Dynamics ( IF 5.0 ) Pub Date : 2021-05-13 , DOI: 10.1016/j.strueco.2021.04.009
Pablo R. Liboreiro , Rafael Fernández , Clara García

The participation of manufacturing in the GVA of many advanced economies is continuously decreasing. The purpose of this work is to contribute to the dialogue around the drivers of such trend. In order to do so, we use input-output analysis for decomposing the variation in the manufacturing share as the sum of the effects of the variation of various possible drivers of deindustrialization: prices, domestic demand, technology and external trade; and we calculate these effects through a dynamic-hierarchical structural decomposition analysis. As a result of the analysis, we identify certain regularities: (a) variations in prices and domestic demand are the two most important factors explaining deindustrialization; (b) a process of substituting domestic production by imports also contributes to deindustrialization; (c) exports make a positive contribution to the participation of manufactures in the GVA but, after the 2008 crisis, this contribution does not offset the negative contribution of substitution by imports.



中文翻译:

发达经济体去工业化的驱动力:层次结构分解分析

制造业在许多先进经济体的总产值中的参与度正在不断下降。这项工作的目的是围绕这种趋势的推动因素促进对话。为了做到这一点,我们使用投入产出分析来分解制造业份额的变化,作为各种去工业化的可能驱动因素(价格,国内需求,技术和对外贸易)变化的影响之和。我们通过动态分层结构分解分析来计算这些影响。分析的结果是,我们确定了某些规律性:(a)价格和内需的变化是解释去工业化的两个最重要因素;(b)用进口代替国内生产的过程也有助于去工业化;

更新日期:2021-05-27
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