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Wages, Productivity and Industrialization

In: Problems in Economic Development

Author

Listed:
  • Lloyd G. Reynolds

    (Yale University)

Abstract

This discussion is oriented toward an economy in which economic growth is accelerating significantly. In particular, there is a rapid growth of manufacturing, power, transportation and other modern industries. The agricultural sector, still dominant, is beginning to shrink in relative terms. The economy is creeping over the threshold of economic development.

Suggested Citation

  • Lloyd G. Reynolds, 1965. "Wages, Productivity and Industrialization," International Economic Association Series, in: E. A. G. Robinson (ed.), Problems in Economic Development, chapter 0, pages 311-319, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15223-0_16
    DOI: 10.1007/978-1-349-15223-0_16
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    Citations

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    Cited by:

    1. Peter Harasztosi & Attila Lindner, 2019. "Who Pays for the Minimum Wage?," American Economic Review, American Economic Association, vol. 109(8), pages 2693-2727, August.
    2. Alan B. Krueger, 1994. "The Effect of the Minimum Wage When It Really Bites: A Reexamination of the Evidence from Puerto Rico," NBER Working Papers 4757, National Bureau of Economic Research, Inc.
    3. Benjamin Bridgman & Michael Maio & James A. Schmitz, 2012. "What ever happened to the Puerto Rican sugar manufacturing industry?," Staff Report 477, Federal Reserve Bank of Minneapolis.
    4. Gaude, Jacques., 1974. "Capital-labour substitution possibilities; a review of empirical research. Provisional," ILO Working Papers 991534603402676, International Labour Organization.
    5. Dijck, P. van & Verbruggen, H., 1980. "Productive employment in developing countries' exporting industries," Serie Research Memoranda 0003, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    6. Lemos, Sara, 2004. "The Effects of the Minimum Wage in the Formal and Informal Sectors in Brazil," IZA Discussion Papers 1089, Institute of Labor Economics (IZA).
    7. Lemos, Sara, 2009. "Minimum wage effects in a developing country," Labour Economics, Elsevier, vol. 16(2), pages 224-237, April.
    8. Swinnerton, Kenneth A, 1996. "Minimum Wages in an Equilibrium Search Model with Diminishing Returns to Labor in Production," Journal of Labor Economics, University of Chicago Press, vol. 14(2), pages 340-355, April.

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