Intersectoral Spillovers, Relative Prices and Development Traps
學年 100
學期 2
出版（發表）日期 2012-05-01
作品名稱 Intersectoral Spillovers, Relative Prices and Development Traps
作品名稱（其他語言）
著者 Chen, Been-Lon; Lee, Shun-Fa
單位 淡江大學產業經濟學系
出版者 Chichester: Wiley-Blackwell Publishing Ltd.
著錄名稱、卷期、頁數 Review of Development Economics 16(2), pp.243–261
摘要 Why is the economic growth rate so low in poor countries? This paper offers an explanation by using a simple two-sector AK growth model with intersectoral linkages and high relative prices of intermediate goods. Intersectoral linkages lead to two balanced growth paths (BGPs). The high-growth BGP is a source. The low-growth BGP is a sink because it has a small final goods sector, small intersectoral spillovers from the final goods sector to the intermediate goods sector, and small marginal products in the intermediate goods sector, yielding high relative prices of intermediate goods. The low-growth BGP is an attractor and thus development trap. To produce a big push effect, this paper analyzes the first-best policy and finds that a subsidy to own consumption and a provision of public goods to the final goods sector can internalize the external effect and render the low-growth BGP infeasible. As a result, there is only the high-growth BGP.
關鍵字
語言 en
ISSN 1467-9361
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Lee, Shun-Fa
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版
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