Industrial structure, appropriate technology and economic growth in less developed countries:

"The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...

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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 2009
Schriftenreihe:Policy research working paper 4905
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Zusammenfassung:"The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to less developed economies shows that the (optimal) industrial structure and the (most) appropriate technologies in less developed economies are endogenously determined by their factor endowments. A firm in a less developed country that enters a capital-intensive, advanced industry in a developed country would be nonviable owing to the relative scarcity of capital in the factor endowments of less developed countries. "--World Bank web site
Beschreibung:Includes bibliographical references. - Title from PDF file as viewed on 5/7/2009
Beschreibung:1 Online-Ressource
DOI:10.1596/1813-9450-4905