Economics(PhD)

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Industrialization of Economies with Low Manufacturing Base
(Addis Ababa University, 2016-05) Atlaw, Alemu; Borje, Johansson (Prof)
The basic theme of the dissertation is placing structure of economies as an intermediate explanatory factor for attainment of sustained growth of low-income economies that are in transition from stagnant agricultural economy to modern economic growth. The dissertation sets out with conceptualization of a model applicable to structures of low income and under industrialized economies, and hypothesizes on the long term outcomes of these structures. Sustained growth is the result of a particular structure in which manufacturing growth drives economic growth. A structure where transaction services have expanded beyond certain levels stunts manufacturing. Empirical investigations were carried out to test the hypotheses on 35 countries that were low-income economies in 1970.The results provide support for centrality of manufacturing and for the retarding effect of non-optimal growth of transaction services on manufacturing growth.