developed western world by going through three developmental stages sequentially; namely, a proto-industrialization in the rural …, economies stuck in the low-income trap or middle-income trap did not follow the above sequential stages of industrialization …. For example, many Eastern European and Latin American countries after WWII jumped to the stage of heavy industrialization …

(NRRP) on the persistent North-South productivity gap. Our model underscores public investment as a catalyst for sustained … management - the NRRP only slightly reduces the NorthSouth productivity gap from 75% to 76.4%. Finally, our research highlights …

This study is a first contribution to prioritization across productivity determinant capabilities that attempts to …

successful development benchmarks are explained by subpar productivity gains rather than slower factor accumulation. The … empirical analysis of the interplay between productivity and accumulation in the process of development suggests that one …This paper combines development accounting exercises with economic theory to assess the importance of total factor …

importance of total factor productivity and the accumulation of factors of production in the economic development performance of …This paper combines development and growth accounting exercises with economic theory to estimate the relative … Latin America. The region s development performance is assessed by contrast with various alternative benchmarks, both …

fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development … Xiaoping in 1978: namely, small-scale commercialized agricultural production, proto-industrialization in the countryside, a …'s economic rise is that the extent of industrialization is limited by the extent of the market. One of the key strategies behind …