Why Economic Growth Stimulates More Growth in Some Countries Rather than Others

IF 1.3 Q3 DEVELOPMENT STUDIES
Samuel Cohn, Jose Morales, Madison Poe, Yilin Li, Bryson Bassett
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引用次数: 0

Abstract

Leontief multipliers are an important component of economic growth. However, input–output analysis is generally treated as a methodological tool for studying other questions in development. The size of multipliers themselves is of interest, as they determine how much nations benefit economically from the growth of base industries. Of the three types of multipliers—industrial supply purchases by firms, consumer goods purchases by workers, and growth derived from all sources—only the first has attracted attention in the global value chain literature; the other two have been neglected. We use OECD data on a large sample of nations in 2005, 2010, and 2015 to show that significant cross-national and inter-industrial differences exist in the size of multipliers. Contrary to expectations, higher-income countries can sometimes have lower multipliers than lower-income countries. The largest multipliers tend to be in the global South. We then provide a model explaining the differences in multipliers in terms of the domesticity of purchases, the wage intensity of production, the geographical size of the country, and the changing roles of GDP per capita and education as societies develop. The significance of these findings for development policy is discussed.
为什么经济增长对某些国家的刺激更大
列昂蒂夫乘数是经济增长的重要组成部分。然而,投入产出分析通常被视为研究发展中其他问题的方法工具。乘数本身的规模令人感兴趣,因为它们决定了国家从基础产业的增长中获得多少经济利益。在三种类型的乘数——企业的工业供给购买、工人的消费品购买和来自所有来源的增长——中,只有第一种乘数引起了全球价值链文献的关注;另外两个被忽略了。我们使用经合组织2005年、2010年和2015年的大样本国家数据来表明,乘数规模存在显著的跨国和产业间差异。与预期相反,高收入国家的乘数有时可能低于低收入国家。乘数最大的往往是全球南方。然后,我们提供了一个模型来解释乘数的差异,包括国内购买力、生产的工资强度、国家的地理大小,以及随着社会发展,人均GDP和教育的作用变化。讨论了这些发现对发展政策的意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Sociology of Development
Sociology of Development Social Sciences-Development
CiteScore
1.90
自引率
8.30%
发文量
14
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