Did New Deal and World War II Public Capital Investments Facilitate a "Big Push" in the American South?
The "big push" theory claims that publicly coordinated investment can break the cycle of poverty by helping developing economies overcome deficiencies in private incentives that prevent firms from adopting modern production techniques and achieving scale economies. Despite a flurry of research, however, scholars have offered scarce few real-world episodes that seem to fit the theoretical model. We argue that the postwar performance of the American South, which followed large public capital investments during the Great Depression and World War II, is such an application. Both econometric analysis and a contemporary survey of firms strongly support the notion that big-push dynamics were at work.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 165 (2009)
Issue (Month): 2 (June)
|Contact details of provider:|| Web page: http://www.mohr.de/jite|
|Order Information:|| Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany|
When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(200906)165:2_307:dndaww_2.0.tx_2-x. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert)
If references are entirely missing, you can add them using this form.