Falkinger, Josef; Grossmann, Volker - In: Journal of Development Economics 101 (2013) C, pp. 206-215
This paper develops a theory in which oligarchic ownership of land or other natural resources may impede … entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to … sector. We discuss historical evidence from Latin America, India, Taiwan and South Korea which supports our theory. …