Development strategy, viability, and economic distortions in developing countries
"This paper presents a three-sector static model to explore the rationale for a series of institutional distortions in developing countries. The authors argue that, after World War II, motivated by a belief in the development of state-of-the-art industries as a means for nation building, the ma...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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[Washington, D.C]
World Bank
2009
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| Schriftenreihe: | Policy research working paper
4906 |
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| Online-Zugang: | BSB01 FHI01 HTW01 EUV01 IOS01 URL des Erstveröffentlichers |
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| 100 | 1 | |a Lin, Justin Yifu |d 1952- |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Development strategy, viability, and economic distortions in developing countries |c Justin Yifu Lin, Feiyue Li |
| 264 | 1 | |a [Washington, D.C] |b World Bank |c 2009 | |
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| 490 | 0 | |a Policy research working paper |v 4906 | |
| 500 | |a Includes bibliographical references. - Title from PDF file as viewed on 5/7/2009 | ||
| 520 | |a "This paper presents a three-sector static model to explore the rationale for a series of institutional distortions in developing countries. The authors argue that, after World War II, motivated by a belief in the development of state-of-the-art industries as a means for nation building, the majority of developing country governments attempted to accelerate the growth of advanced capital-intensive industries. However, since developing countries are relatively rich in labor or natural resource endowments but not in capital endowment, advanced capital-intensive industries were not adapted to the endowment structures of these developing countries at the time. Enterprises in those industries were non-viable in open, competitive markets and could not survive without government subsidization or protection. The model shows that, in order to mobilize resources into the capital-intensive, advanced sectors, it is necessary for governments to use distortionary policies such as taxes and subsidies, distortions of factor prices, directive allocation of resources, and nationalization of enterprises. Such distortions enable developing countries to set up advanced, capital-intensive industries in the early stage of their development. However, they also tend to suppress incentives, misallocate resources, and make the economy inefficient. "--World Bank web site | ||
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV048264347 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:59:49Z |
| indexdate | 2024-07-10T09:33:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033644541 |
| oclc_num | 1073788699 |
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| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | World Bank |
| record_format | marc |
| series2 | Policy research working paper |
| spelling | Lin, Justin Yifu 1952- Verfasser aut Development strategy, viability, and economic distortions in developing countries Justin Yifu Lin, Feiyue Li [Washington, D.C] World Bank 2009 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 4906 Includes bibliographical references. - Title from PDF file as viewed on 5/7/2009 "This paper presents a three-sector static model to explore the rationale for a series of institutional distortions in developing countries. The authors argue that, after World War II, motivated by a belief in the development of state-of-the-art industries as a means for nation building, the majority of developing country governments attempted to accelerate the growth of advanced capital-intensive industries. However, since developing countries are relatively rich in labor or natural resource endowments but not in capital endowment, advanced capital-intensive industries were not adapted to the endowment structures of these developing countries at the time. Enterprises in those industries were non-viable in open, competitive markets and could not survive without government subsidization or protection. The model shows that, in order to mobilize resources into the capital-intensive, advanced sectors, it is necessary for governments to use distortionary policies such as taxes and subsidies, distortions of factor prices, directive allocation of resources, and nationalization of enterprises. Such distortions enable developing countries to set up advanced, capital-intensive industries in the early stage of their development. However, they also tend to suppress incentives, misallocate resources, and make the economy inefficient. "--World Bank web site Economics Government holding companies Li, Feiyue oth World Bank oth Lin, Justin Yifu Development strategy, viability, and economic distortions in developing countries http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4906 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lin, Justin Yifu 1952- Development strategy, viability, and economic distortions in developing countries Economics Government holding companies |
| title | Development strategy, viability, and economic distortions in developing countries |
| title_auth | Development strategy, viability, and economic distortions in developing countries |
| title_exact_search | Development strategy, viability, and economic distortions in developing countries |
| title_exact_search_txtP | Development strategy, viability, and economic distortions in developing countries |
| title_full | Development strategy, viability, and economic distortions in developing countries Justin Yifu Lin, Feiyue Li |
| title_fullStr | Development strategy, viability, and economic distortions in developing countries Justin Yifu Lin, Feiyue Li |
| title_full_unstemmed | Development strategy, viability, and economic distortions in developing countries Justin Yifu Lin, Feiyue Li |
| title_short | Development strategy, viability, and economic distortions in developing countries |
| title_sort | development strategy viability and economic distortions in developing countries |
| topic | Economics Government holding companies |
| topic_facet | Economics Government holding companies |
| url | http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4906 |
| work_keys_str_mv | AT linjustinyifu developmentstrategyviabilityandeconomicdistortionsindevelopingcountries AT lifeiyue developmentstrategyviabilityandeconomicdistortionsindevelopingcountries AT worldbank developmentstrategyviabilityandeconomicdistortionsindevelopingcountries |