A manufacturing renaissance? Industrialization trends in the developing world

Hagen Kruse, Emmanuel Mensah, Kunal Sen, Gaaitzen de Vries*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

12 Citations (Scopus)
92 Downloads (Pure)

Abstract

This paper examines industrialization in developing countries. It introduces the GGDC/UNU-WIDER Economic Transformation Database, which provides consistent annual data of employment, real and nominal value added by 12 sectors in 51 economies for the period 1990–2018. Regressions that control for income and population indicate a manufacturing renaissance in several middle-income countries since the 2000s. We observe industrialization in many low-income Asian and sub-Saharan African countries. The industrial naissance in sub-Saharan Africa appears characterized by unregistered firms that expand employment.
Original languageEnglish
Pages (from-to)439–473
Number of pages35
JournalIMF Economic Review
Volume71
Issue number2
DOIs
Publication statusPublished - 15-Aug-2022

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