Endogenous institution formation under a catching-up strategy in developing countries
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...

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Bibliographische Detailangaben
1. Verfasser: Lin, Justin Yifu 1952- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C] World Bank 2008
Schriftenreihe:Policy research working paper 4794
Schlagworte:
Entwicklungsländer
Institution building > Developing countries
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Zusammenfassung:"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
Beschreibung: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
Beschreibung:1 Online-Ressource
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