Booming Sector and De-Industrialisation in a Small Open Economy
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W. Max Corden, J. Peter Neary; Booming Sector and De-Industrialisation in a Small Open Economy, The Economic Journal, Volume 92, Issue 368, 1 December 1982, Pag
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Other tradable activities are displaced partly as factors of production are drawn into resource extraction and partly as they are employed to meet increased demand for nontradables arising from domestic spending of resource revenues.
“Other tradable activities will be displaced, partly as factors of production are drawn into resource extraction, and partly as they are employed to meet increased demand for nontradables arising from domestic spending of resource revenues (Corden and Neary 1982).”
From Using Natural Resources for Development: Why Has It Proven So Difficult? (2016) · cites this paper as Corden and Neary 1982
In ‘Effects of the Boom on Outputs,’ the paper describes manufacturing contracting as labour moves into the booming energy sector and as increased demand for services contributes to a real appreciation. But its later analysis (p. 837) says that, under some factor-intensity configurations, the spending effect can instead raise manufacturing output and overall de-industrialisation is not assured. The claim’s unqualified ‘will be displaced’ overstates that result. (LLM, conf=0.86)
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- Authors
- Corden, W. M., & Neary, J. P.
- Affiliations
- Australian National University (AU)
- University College Dublin (IE)
- ORCID
- Neary, J. Peter
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 1982-12
- Volume
- 92
- Issue
- 368
- Pages
- 825
- ISSN
- 0013-0133 (ISSN-L)
- OpenAlex
- W1803375205
- Cited by
- 3,298
- References
- 30
- Citations by year
- 2026: 165 · 2025: 155 · 2024: 134 · 2023: 180 · 2022: 172 · 2021: 169 · 2020: 182 · 2019: 138 · 2018: 150 · 2017: 144 · 2016: 156 · 2015: 166 · 2014: 154 · 2013: 173 · 2012: 129
- FWCI
- 50.85
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- The Economic Journal (publishedVersion)
- Oxford University Research Archive (ORA) (University of Oxford) (acceptedVersion)
- IIASA PURE (International Institute of Applied Systems Analysis) (submittedVersion)
- KTH Publication Database DiVA (KTH Royal Institute of Technology) (submittedVersion, other-oa)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Keywords
- deindustrialization, small open economy, industrial structure, sectoral growth, international trade
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
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