Industrialization and the Big Push
Access StatusFull text of the requested work is not available in DASH at this time ("dark deposit"). For more information on dark deposits, see our FAQ.
Murphy, Kevin M.
Vishny, Robert W.
MetadataShow full item record
CitationMurphy, Kevin M., Andrei Shleifer, and Robert W. Vishny. 1989. Industrialization and the big push. Journal of Political Economy 97(5): 1003-1026.
AbstractThis paper explores Rosenstein-Rodan's idea that simultaneous industrialization of many sectors of the economy can be profitable for them all even when no sector can break even industrializing alone. We analyze this idea in the context of an imperfectly competitive economy with aggregate demand spillovers and interpret the big push into industrialization as a move from a bad to a good equilibrium. We present three mechanisms for generating a big push and discuss their relevance for less developed countries.
Citable link to this pagehttp://nrs.harvard.edu/urn-3:HUL.InstRepos:3606235
- FAS Scholarly Articles