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Big Business Stability and Social Welfare
Fogel, Kathy - 2013
Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no...
Persistent link: https://www.econbiz.de/10012753593
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Nakamura, Masao - 2013
Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided...
Persistent link: https://www.econbiz.de/10012753906
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Big Business Stability and Economic Growth : Is What's Good for General Motors Good for America?
Fogel, Kathy - 2013
What is good for big business need not generally advance a country%u2019s overall economy. Big business turnover correlates with rising income, productivity, and (in high income countries) faster capital accumulation; consistent with Schumpeter%u2019s (1912) creative destruction and recent...
Persistent link: https://www.econbiz.de/10012754160
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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over this critical century. The...
Persistent link: https://www.econbiz.de/10013129186
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How the West 'Invented' Fertility Restriction
Voigtländer, Nico - 2011
, raising average wages significantly, which in turn facilitated industrialization. We analyze the rise of this first socio …
Persistent link: https://www.econbiz.de/10013121013
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The Spread of Manufacturing to the Poor Periphery 1870---2007
Bénétrix, Agustín S. - 2012
peripheral industrialization stretch into the late 19th century, the high point of peripheral industrialization was the 1950 …-1973 period, which saw widespread import- substituting industrialization. This period was also the high point of unconditional …
Persistent link: https://www.econbiz.de/10013103787
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The Rate and Direction of Invention in the British Industrial Revolution : Incentives and Institutions
Meisenzahl, Ralf - 2014
During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
Persistent link: https://www.econbiz.de/10013068131
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Was Stalin Necessary for Russia's Economic Development?
Cheremukhin, Anton - 2013
This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...
Persistent link: https://www.econbiz.de/10013076184
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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently …, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de-industrialization … divergence between core and periphery. Third, the boom and its de-industrialization impact was only part of the story; growth …
Persistent link: https://www.econbiz.de/10012772451
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Technology-Skill Complementarity in Early Phases of Industrialization
Franck, Raphael - 2017
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/10012962181