Industrialization and the Big Push

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Industrialization and the Big Push

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Title: Industrialization and the Big Push
Author: Murphy, Kevin M.; Shleifer, Andrei; Vishny, Robert W.

Note: Order does not necessarily reflect citation order of authors.

Citation: Murphy, Kevin M., Andrei Shleifer, and Robert W. Vishny. 1989. Industrialization and the big push. Journal of Political Economy 97(5): 1003-1026.
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Abstract: This 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.
Published Version: http://www.jstor.org/stable/1831884
Other Sources: http://www.nber.org/papers/W2708.pdf
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:3606235
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