Industrialization and the Big Push

@article{Murphy1989IndustrializationAT,
  title={Industrialization and the Big Push},
  author={Kevin M. Murphy and A. Shleifer and R. Vishny},
  journal={Journal of Political Economy},
  year={1989},
  volume={97},
  pages={1003 - 1026}
}
This paper explores Rosenstein-Rodan's idea that simultaneous industrialization of many sectors of the economy can be profitable for them all even when no sector can break even industrializing alone. We analyze this idea in the context of an imperfectly competitive economy with aggregate demand spillovers and interpret the big push into industrialization as a move from a bad to a good equilibrium. We present three mechanisms for generating a big push and discuss their relevance for less… Expand
6 Citations

References

SHOWING 1-10 OF 35 REFERENCES
Implementation Cycles
  • 247
  • PDF
Increasing Returns and Long-Run Growth
  • P. Romer
  • Economics
  • Journal of Political Economy
  • 1986
  • 16,874
  • PDF
On the Mechanics of Economic Development
  • 19,535
  • PDF
The First Industrial Revolution
  • 159
Two Concepts of External Economies
  • 1,060
...
1
2
3
4
...