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Dutch Disease in the Labor Market: Women, Services, and Industrialization
Author(s) -
Van Pham Hoang
Publication year - 2009
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/j.1467-9361.2008.00494.x
Subject(s) - industrialisation , endowment , economics , developing country , work (physics) , general equilibrium theory , labour economics , dutch disease , growth theory , manufacturing , economic growth , macroeconomics , market economy , business , neoclassical economics , political science , mechanical engineering , engineering , marketing , exchange rate , law
The light manufacturing export industries have been a springboard for sustained growth in many newly industrializing countries. Women have played an important role in those industries. The author presents a theory linking women's work and industrialization. The theory fits the observation that, in low‐growth developing countries, women work mostly in household services, while, in higher‐growth developing countries, women work in manufacturing. In the model, the existence of a services equilibrium or an industrialization equilibrium, or multiple equilibria, depends on an economy's endowment of land relative to labor.