Path Dependence, Uneven Industrialization and Special Interests
AbstractThis paper puts forth a theory to explainwhy special interest groups are more prevelant in some countries. Its thesis is that uneven industrialization facilitates the formation of special interest groups with monopoly control over factor supplies. An uneven industrial structure is both an artifact of underdevelopment in a country due to a history of high innovation costs, and a feature of society that further impeded development via its effect on the creation of special interest groups. In this sense, slow development sows a seed for slower development. We argue that the theory is potentially useful for explaining the fall in the median growth rate of developing nations since 1980
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number 273.
Date of creation: 2004
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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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Special Interests; Economic Development; Industrialization;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-02 (All new papers)
- NEP-CBE-2004-08-02 (Cognitive & Behavioural Economics)
- NEP-DEV-2004-08-02 (Development)
- NEP-DGE-2004-08-02 (Dynamic General Equilibrium)
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- Parente, Stephen L. & Prescott, Edward C., 2005.
"A Unified Theory of the Evolution of International Income Levels,"
Handbook of Economic Growth,
in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 21, pages 1371-1416
- Stephen L Parente & Edward C Prescott, 2004. "A Unified Theory of the Evolution of International Income Levels," Levine's Working Paper Archive 122247000000000300, David K. Levine.
- Stephen L. Parente & Edward C. Prescott, 2004. "A unified theory of the evolution of international income levels," Staff Report 333, Federal Reserve Bank of Minneapolis.
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