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A Note on Rapid Economic Development


  • Robert M. Fearn

    (North Carolina State University, Raleigh, NC, USA)


This note specifies the microeconomic conditions that give rise to special periods of economic enhancement: rapid growth and wide-spreading prosperity. Several distinctly different historical examples are examined. The analysis may prove to be helpful to transitionalizing nations that are seeking new sources of economic growth.

Suggested Citation

  • Robert M. Fearn, 2004. "A Note on Rapid Economic Development," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 2(2), pages 7-17.
  • Handle: RePEc:seb:journl:v:2:y:2004:i:2:p:7-17

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    References listed on IDEAS

    1. Dwayne Benjamin & Loren Brandt & Paul Glewwe & Li Guo, 2000. "Markets, Human Capital, and Inequality: Evidence from Rural China," William Davidson Institute Working Papers Series 298, William Davidson Institute at the University of Michigan.
    2. Zhang, Xiaobo & Li, Guo, 2003. "Does guanxi matter to nonfarm employment?," Journal of Comparative Economics, Elsevier, vol. 31(2), pages 315-331, June.
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    Cited by:

    1. Ge, Suqin & Yang, Dennis Tao, 2011. "Labor market developments in China: A neoclassical view," China Economic Review, Elsevier, vol. 22(4), pages 611-625.

    More about this item


    Economic Growth; Economic Structure; Transitional Economies;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population


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