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In economic development, long-run structural change among the three main sectors of an economy follows a typical pattern with the primary sector (agriculture, mining) first dominating, followed by the secondary sector (manufacturing) and finally by the tertiary sector (services) in terms of...
Persistent link: https://www.econbiz.de/10010263864
Successful economic development is usually characterized by two salient phenomena: industrialization and demographic …
Persistent link: https://www.econbiz.de/10010264936
Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be...
Persistent link: https://www.econbiz.de/10010280061
industrialization ought to be compensated. Prior to acquisition, the farmers are leasing in land from a landlord, either a private owner …
Persistent link: https://www.econbiz.de/10010280066
Persistent link: https://www.econbiz.de/10011695811
promote industrialization and development. There is nothing, however, in the conventional theory of international trade that … guarantees that these gains will materialize and even if they do, they may not accelerate industrialization and growth. This is … growth. When the costs of free trade outweigh its benefits, the slowdown of industrialization and development are the likely …
Persistent link: https://www.econbiz.de/10010273421
This paper provides a uni?ed growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...
Persistent link: https://www.econbiz.de/10010265680
This study provides a uni ed growth theory to correctly predict the initially negative and subsequently positive relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic transitions. The model captures the intricate...
Persistent link: https://www.econbiz.de/10010270039
This paper argues that official development assistance (foreign aid) is partly responsible for the lack of structural change in Africa. Africa's development partners have devoted too few resources and too little attention to two critical constraints to private investment, infrastructure and...
Persistent link: https://www.econbiz.de/10010319810
This paper is a part of larger research project on the role of the 30 largest firms in the Nordic countries. By examining the changes in the role of top 30 firms in the Finnish economy we aim to reveal some essential features of the structural transformation in the economy. From the national...
Persistent link: https://www.econbiz.de/10010273033