Endogenous institution formation under a catching-up strategy in developing countries:
"This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a governme...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C]
World Bank
2008
|
| Series: | Policy research working paper
4794 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a government needs to establish nonmarket institutions to implement the strategy. In a simple two-sector model, the authors show that an institutional complex of price distortion, output control, and a directive allocation system is sufficient to implement the best allocation for the catching-up strategy. Furthermore, removing any of the three components will make it no longer implementable. The analysis also compares the best allocation and prices under the catching-up strategy with their counterparts under no distortions. The results of this paper provide important implications for understanding the institution formation in the developing countries that were pursuing a catching-up strategy after World War II. "--World Bank web site |
| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 5/8/2009 Erscheinungsjahr in Vorlageform:[2008] Weitere Ausgabe: Lin, Justin Yifu: Endogenous institution formation under a catching-up strategy in developing countries |
| Physical Description: | 1 Online-Ressource (41 Seiten) |
Staff View
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| 520 | 1 | |a "This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a government needs to establish nonmarket institutions to implement the strategy. In a simple two-sector model, the authors show that an institutional complex of price distortion, output control, and a directive allocation system is sufficient to implement the best allocation for the catching-up strategy. Furthermore, removing any of the three components will make it no longer implementable. The analysis also compares the best allocation and prices under the catching-up strategy with their counterparts under no distortions. The results of this paper provide important implications for understanding the institution formation in the developing countries that were pursuing a catching-up strategy after World War II. "--World Bank web site | |
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| indexdate | 2025-02-20T07:10:34Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (41 Seiten) |
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| publishDate | 2008 |
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| publisher | World Bank |
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| series2 | Policy research working paper |
| spellingShingle | Lin, Justin Yifu 1952- Li, Zhiyun Endogenous institution formation under a catching-up strategy in developing countries Entwicklungsländer |
| title | Endogenous institution formation under a catching-up strategy in developing countries |
| title_auth | Endogenous institution formation under a catching-up strategy in developing countries |
| title_exact_search | Endogenous institution formation under a catching-up strategy in developing countries |
| title_full | Endogenous institution formation under a catching-up strategy in developing countries Justin Yifu Lin, Zhiyun Li |
| title_fullStr | Endogenous institution formation under a catching-up strategy in developing countries Justin Yifu Lin, Zhiyun Li |
| title_full_unstemmed | Endogenous institution formation under a catching-up strategy in developing countries Justin Yifu Lin, Zhiyun Li |
| title_short | Endogenous institution formation under a catching-up strategy in developing countries |
| title_sort | endogenous institution formation under a catching up strategy in developing countries |
| topic | Entwicklungsländer |
| topic_facet | Entwicklungsländer |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4794 |
| work_keys_str_mv | AT linjustinyifu endogenousinstitutionformationunderacatchingupstrategyindevelopingcountries AT lizhiyun endogenousinstitutionformationunderacatchingupstrategyindevelopingcountries AT worldbank endogenousinstitutionformationunderacatchingupstrategyindevelopingcountries |