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Persistent link: https://www.econbiz.de/10011695811
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggests that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010321626
Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place … income per capita can only occur through industrialization. This paper argues that it is becoming increasingly difficult for … most developing countries to achieve rapid growth through industrialization, and especially through export oriented …
Persistent link: https://www.econbiz.de/10010273465
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggest that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010320358
Persistent link: https://www.econbiz.de/10011695660
Persistent link: https://www.econbiz.de/10014306480
This paper provides evidence that capital market imperfections hold back innovation and growth, and that public policy can complement capital markets. We deliver the evidence by studying the effects of government funding on the behavior of SMEs in Finland. By adapting the methodology recently...
Persistent link: https://www.econbiz.de/10010285181
, growth, and industrialization. It is shown that the counterfactual prediction of new growth theories regarding a positive … process of industrialization, trade policy can influence long-run growth rates even in non-scale growth models. …
Persistent link: https://www.econbiz.de/10010322071
Successful economic development is usually characterized by two salient phenomena: industrialization and demographic … are interrelated. This paper develops a theory for their interaction with a special emphasis on the different pattern and …
Persistent link: https://www.econbiz.de/10010264936
agricultural technology affects industrialization. We demonstrate the existence of multiple equilibria; the economy is either … characterized by the use of a traditional agricultural technology and a low level of industrialization or the use of a mechanized … technology and a high level of industrialization. Relative to the traditional technology, the mechanized technology increases …
Persistent link: https://www.econbiz.de/10010369190