This paper examines Indonesia's upgrading within the global nickel value chain. Indonesia's transformation from a major nickel ore exporter into an integrated producer of refined nickel products offers important lessons for resource-rich developing countries seeking economic diversification....

Gerschenkron (1962) argued that public institutions such as the State Bank of the Russian Empire spurred the country's industrialization. We test this assertion by exploiting plant-level variation in access to State Bank branches using a unique geocoded factory data set. Employing an...

Exploiting the economic dividends of the mega-infrastructure investments related to the Belt and Road Initiative as a timely global South-South cooperation model, this study follows the New Structural Economics theory to examine the effects of the BRI membership on Africa's industrialization. A...

This study investigated how trade openness influenced the connection between industrialization and emissions of carbon in Sub-Saharan Africa (SSA). We utilized purposive sampling technique to select 28 SSA countries from 2003 to 2021. The study used Generalised Methods of Moments as the main...

We provide evidence that financial distress induces firms to sell their technology to foreign competitors. To do so, we construct a novel, spatial panel dataset by individually researching and locating U.S. firms who signed Technology Transfer Agreements (TTAs) with the Soviet Union during the...

How does economic modernization affect group identity? Modernization theory emphasizes how labor migration led to the adoption of common identities. Yet economic development may reduce incentives to emigrate, preserving local cultures. We study England and Wales during the Second Industrial...

This paper aims to deepen understanding and knowledge regarding the impact of foreign direct investment (FDI) on the industrialization process. Many developing countries aspire to shift from agriculture-centric economies to achieve sustainable development through industrialization. Realizing...

We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization....

Over the years, Sub-Saharan Africa (SSA) has become the pollution haven for most industrious companies around the globe due to foreign direct investment (FDI) activities. As a result, policymakers and researchers are striving to implement policies to guide the conduct of FDI since ineffective...

This paper identifies the determinants of industrialization in 18 African countries, 1965 to 2018, using various estimators and applying a battery of robustness checks. Industrialization in Africa is driven by historical legacies such as colonialism; geographical factors such as rainfall and...

How does international trade affect structural transformation in developing countries? We use data on sectoral allocation of labour and value-added in 46 developing economies over the period 1995-2017 and exploit for identification plausibly exogenous variation in manufacturing imports from...

This study investigates the political economy of industrialization in Ethiopia. It discusses the economic and political institutions during three political regimes and assesses the industrial sector's performance across these different regimes. Further, it evaluates the different industrial...

How does revolutionary technological change impact wealth inequality? We turn to the mother of all technological shocks–the Industrial Revolution–and analyze its role for wealth concentration both empirically and theoretically. Based on a novel dataset on wealth shares at the level of...

Hydrogen serves as an energy source and represents an important cornerstone for achieving the goal of maintaining a level of zero-carbon-dioxide emissions in industry production processes. Our analysis is based on the computable general equilibrium framework and focuses on a partial switch to...

This paper analyzes the use of tax policy as industrial policy in Mozambique. Despite significant foregone tax revenue due to industrial policy in the form of tax incentives, the effectiveness of Mozambique's tax policy remains questionable due to insufficient data and unclear public policy...

Latin American Economic History: An Introduction to Daily Life, Debt, and Development guides readers through significant features and developments in the region's economic history from independence through 2022. In approachable language, the book introduces readers to relevant New Economic...

The aim of the article is to analyse the performance of the manufacturing sector in Europe in order to check whether there is a relationship between the level of development and the share of the industrial sector, and whether the manufacturing sector plays a key role in the economic growth and...

This paper is an institutional study of the patent systems of the United Kingdom of the Netherlands and its successor states Belgium and the Netherlands in the nineteenth century. The patent law of 1817 gave the state wide discretion to accept or refuse patents and to customise their duration,...

Currently, achieving sustainable transformation toward a carbon-dioxide-free industrial production process is one of the greatest challenges. The chemical element hydrogen used as an energy source and a basic feedstock can play an important role in reaching this goal. Our analysis is based on...

Gerschenkron (1962) argued that public institutions such as the State Bank of the Russian Empire spurred the country's industrialization. We test this assertion by exploiting plant-level variation in access to State Bank branches using a unique geocoded factory data set. Employing an...

The era of debt, in the context of the Industrial Revolution 4.0, imposes the need to investigate how improvements in public and private debt can be achieved. This paper analyses the impact of the new technologies and political-economic systems on the economy reflected through the public debt of...

Industry 4.0 (I4.0) and Industry 5.0 (I5.0) represent important changes in industrial paradigms. I4.0 is centered on efficiency and competitiveness, and I5.0 adds sustainability, human-centricity, and resilience to the framework. Despite their growing relevance, much of the existing research...

This article explores the role of Industrial Revolution 4.0 in transforming the labour market, analysing the impact of political, economic, and social factors on the acceptance of technology in the workplace, leading to the demand for new professional skills and the digitisation of traditionally...

What are the job multipliers of the green industrialization? We tackle this question within EU regions over the period 2003-2017, building a novel measure of green manufacturing penetration that combines green production and regional employment data. We estimate local job multipliers of green...

This paper studies the causal effect of technology and knowledge transfers on early industrial development. Between 1950 and 1957, the Soviet Union supported the "156 Projects" in China for building technologically advanced industrial facilities. We exploit idiosyncratic delays in project...

This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany's economic geography observed in recent decades. Using novel data on economic activity in 163 labor market regions in West Germany, we establish that nearly half of them...

Can state-owned banks spur development? Gerschenkron (1962) identified the State Bank of the Rus- sian Empire as the main institutional driver of the country's catch-up industrialization. In this paper, we test this assertion by evaluating the outcome of a policy experiment (1892-1903) under the...

Using microeconomic data on 2,500 savers of the savings bank Ludwigsburg, we study individual savings behavior in 19th century-Germany. We show that wealthy savers responded to an increase in the expected inflation rate (and falling real interest rate) by increasing their savings, suggesting...

We provide evidence that financial distress induces firms to sell their technology to foreign competitors. To do so, we construct a novel, spatial panel dataset by individually researching and locating U.S. firms who signed Technology Transfer Agreements (TTAs) with the Soviet Union during the...

Transitioning from fossil fuel usage to the adoption of green energy is crucial for mitigating the adverse impacts of greenhouse gas emissions. There is an urgent imperative to shift the economy away from reliance on non-renewable energy sources towards renewable alternatives to address...