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Industrialisation and the Big Push in a Global Economy

Kreickemeier, Udo - 2017

In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...

Persistent link: https://www.econbiz.de/10012954362

Flowers of Evil? Industrialization and Long Run Development

Franck, Raphaël - 2018

This research explores the effect of industrialization on the process of development. In contrast to conventional … steam engines across French departments during the early phases of industrialization, the research establishes that … intensive industrialization in the middle of the 19th century increased income per capita in the subsequent decades but …

Persistent link: https://www.econbiz.de/10012912786

Post-Keynesian perspectives on economic development and growth

Kriesler, Peter - 2013

Persistent link: https://www.econbiz.de/10012881451

Financial Development and the Composition of Industrial Growth

Fisman, Raymond; Love, Inessa - 2021

We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...

Persistent link: https://www.econbiz.de/10013242889