Chinese Economic Expansion, Openness, Resource Curse and Deindustrialization in the MENA Region
Öz
The deindustrialization concept is used to define the decline in the share of manufacturing as an economy reaches to a high-income level. Kuznets indicates that a decreasing trend in manufacturing output and employment is a natural outcome of development of a country However, in addition to the structural change a la Kuznets, the worldwide shift of manufacturing to China is also shown another factor, which may accelerate the deindustrialization in developed and developing countries. The paper aims to examine the main determinants of the manufacturing development in the selected MENA countries. The Kuznets’ structural change hypothesis is taken as the starting point of the empirical model specification in the paper. The model is also designed to capture the effects of openness and resource curse, in addition to the Chinese economic expansion. A panel data estimation is used for empirical models. The results reveal that there is no common Kuznets type invers U curve and resource curse dominates the industrialization in the MENA countries. The model estimated do not detect any impact of Chinese expansion on MENA manufacturing.
Anahtar Kelimeler
Deindustrialization, MENA countries, Chinese economic expansion, openness, resource curse
Teşekkür
Earlier versions of this study have been presented at the MEEA-2014 and -2017, ICE-TEA-2016 conferences, and Boğaziçi University Department of Economics & Confucius Institute at BU Joint Seminar (2016) and PricewaterhouseCoopers-ITU Economics Seminar (2017). We thank the participants of these events for their valuable comments. We also thank Yasemin Özerkek and Burcu Düzgün Öncel for their contributions.
Kaynakça
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