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In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...
Persistent link: https://www.econbiz.de/10012954362
plausibly exogenous source of variation in early industrialization across regions of nineteenth-century Prussia, capital …
Persistent link: https://www.econbiz.de/10012956802
The research explores the effect of industrialization on human capital formation. Exploiting exogenous regional … views early industrialization as a predominantly deskilling process, the industrial revolution was conducive for human …
Persistent link: https://www.econbiz.de/10013003523
This research explores the long-run effect of industrialization on the process of development. In contrast to … subsequent decades. Nevertheless, early industrialization had an adverse effect on income per capita, employment and equality by … that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology …
Persistent link: https://www.econbiz.de/10013021750
industrialization itself. We find that basic education significantly accelerated non-textile industrialization in both phases of the …
Persistent link: https://www.econbiz.de/10013316306
stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … an open economy increases the rate of capital formation and speeds up the pace of industrialization relative to a closed …
Persistent link: https://www.econbiz.de/10010877851
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …
Persistent link: https://www.econbiz.de/10005094193
industrialization itself. We find that basic education significantly accelerated non-textile industrialization in both phases of the …
Persistent link: https://www.econbiz.de/10008583719
We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or …
Persistent link: https://www.econbiz.de/10010570050
This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...
Persistent link: https://www.econbiz.de/10013124179