Industrialization and the Big Push
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.
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Bibliographic InfoPaper provided by Harvard University Department of Economics in its series Scholarly Articles with number 3606235.
Date of creation: 1989
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Publication status: Published in Journal of Political Economy -Chicago-
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