8. Attempts to Revive Declining Industries

2007 ◽  
pp. 145-151
Keyword(s):  
Declining Industries

Plant Closings and Exit Behaviour in Declining Industries

Economica ◽  
1988 ◽  
Vol 55 (220) ◽  
pp. 493 ◽  
Author(s):  
Stanley S. Reynolds
Keyword(s):  
Plant Closings ◽  
Declining Industries

The American Record in Industrial Policy: Results of Programs for Troubled Manufacturing Industries

1994 ◽  
Vol 6 (3) ◽  
pp. 185-214
Author(s):  
Margaret E. Dewar
Keyword(s):  
Information Technology ◽  
New Technology ◽  
Manufacturing Industries ◽  
Foreign Competition ◽  
High Definition ◽  
Trade Restrictions ◽  
Technological Revolution ◽  
High Definition Television ◽  
Declining Industries ◽  
Manufacturing Sectors

As many manufacturing industries have declined and as much American manufacturing has become vulnerable to foreign competition, numerous groups have suggested that programs to intervene in specific manufacturing sectors could help. Proponents focus on aid to telecommunications, aerospace, information technology, and high-definition television, where an edge in new technology may be key to the industries' success, but they also touch on aid to declining industries. Opponents of trade restrictions often argue that policies should facilitate adjustment in industries injured by trade. Other groups call for a technological “revolution” in manufacturing to restore international competitiveness through programs to facilitate adjustment and to speed the transition to new kinds of manufacturing. Others, concerned about massive job losses in depressed manufacturing communities, have called for improving the welfare of workers and communities.

scholarly journals Structural Transformation to Manufacturing and Services: What Role for Trade?

2019 ◽  
Vol 36 (2) ◽  
pp. 32-71 ◽  
Author(s):  
Kym Anderson ◽  
Sundar Ponnusamy
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Gross Domestic Product ◽  
General Equilibrium ◽  
Structural Transformation ◽  
Equilibrium Model ◽  
National Policy ◽  
Annual Data ◽  
Declining Industries ◽  
Different Types

Understanding how and why economies structurally transform as they grow is crucial for making sound national policy decisions. Typically, analysts who study this issue focus on sectoral shares of gross domestic product and employment. This paper extends those studies to include exports, including exports of services. It also considers mining, in addition to agriculture and manufacturing, and recognizes that some of the products of these four sectors are nontradable. The section on theory presents a general equilibrium model that provides hypotheses about structural change in different types of economies as they grow. These are then tested econometrically with annual data for the period 1991–2014 for a sample of 117 countries. The results point to the futility of adopting protective policies aimed at slowing deagriculturalization and subsequent deindustrialization in terms of sectoral shares, since those trends inevitably will accompany economic growth. Fortuitously, governments now have more efficient and equitable ways of supporting adjustments needed by people who choose or are forced to leave declining industries.

The Turnover of Market Leaders in Growing and Declining Industries: Evidence from Japan

2017 ◽  
Vol 18 (2) ◽  
pp. 121-138
Author(s):  
Yuji Honjo ◽  
Noriyuki Doi ◽  
Yasushi Kudo
Keyword(s):  
Declining Industries

US border tax would fail to revive the ‘old economy’

2017 ◽  
Keyword(s):  
Growth Potential ◽  
Declining Industries ◽  
Political Narrative ◽  
Old Economy

Washington’s ‘America First’ symbolism is based on a political narrative of declining industries, not growth potential

Redistributive Politics and Economic Efficiency

1995 ◽  
Vol 89 (4) ◽  
pp. 856-866 ◽  
Author(s):  
Avinash Dixit ◽  
John Londregan
Keyword(s):  
Economic Efficiency ◽  
Technical Change ◽  
Political Process ◽  
Economic Consequences ◽  
International Competition ◽  
The Political ◽  
Redistributive Politics ◽  
Dynamic Inconsistency ◽  
Declining Industries

The political process often compensates the losers from technical change or international competition in an economically inefficient way, namely by subsidizing or protecting declining industries instead of encouraging the movement of resources to other more productive uses. We find that a dynamic inconsistency in the game of redistributive politics contributes to this outcome. To achieve economically efficient outcomes, it is necessary that those making economically inefficient choices not be given offsetting transfers. But the political process distributes income on the basis of political characteristics, which are in general different from the economic characteristics that are rewarded by the market. We identify circumstances in which the inefficient choosers have desirable political characteristics and are therefore immune from threats of having to face the economic consequences of their choices.

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