The big push, natural resource booms and growth
نویسندگان
چکیده
منابع مشابه
The Big Push
Jeffrey Sachs is the economics profession’s leading advocate of mega-reform. Whether it is stabilization of hyperinflation in Bolivia, shock therapy to leap from Communism to capitalism in Poland and Russia, or a “Big Push” to end world poverty , Sachs’ recommendation throughout his career has been to do it fast, do it big, do it comprehensively, and do it with lots of Western money. Sachs’ app...
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We present a general equilibrium model of imperfect competition to analyze Rosenstein-Rodan’s idea of the ‘Big Push’. Simultaneous investment of many sectors of the economy can be profitable for everyone although no sector can break even industrializing alone. The mechanism that generates such multiple macroeconomic equilibria is a demand spillover that influences how factor saving the chosen p...
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Those of you who were able to participate in the 13th World Congress on Disaster and Emergency Medicine (WCDEM-13) in Melbourne in May 2003 were involved in a well-organized and well-conducted convocation in the midst of world chaos. Principal among the world problems at the time were the outbreak of the Severe Acute Respiratory Syndrome (SARS) and the early phases of the "pre-emptive" war in I...
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Do natural resources benefit producer economies, or is there a “Natural Resource Curse” as Dutch Disease crowds out local manufacturing productivity spillovers? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and gas booms affect local economies in the United States. Migration does not fully offset labor demand growth, so local wages rise....
متن کاملBanks as Catalysts for the Big Push
A literature has developed to substantiate Rosenstein-Rodan's intuition that coordination of a critical mass of investments may induce industrialization through a `big push.' This literature has essentially ignored the question of what economic institutions may overcome the coordination failures which give rise to an `underdevelopment trap.' In this paper we propose that banks may act as a `cat...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 1999
ISSN: 0304-3878
DOI: 10.1016/s0304-3878(99)00005-x