English, Article, Journal or magazine article edition: Path Dependence, Uneven Industrialization and Special Interests Rui Zhao; Stephen L. Parente

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Bookmark: http://trove.nla.gov.au/version/57439
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Path Dependence, Uneven Industrialization and Special Interests
Author
  • Rui Zhao
  • Stephen L. Parente
Physical Description
  • preprint
Notes
  • This paper puts forth a theory to explainwhy special interest groups are more prevelant in some countries. Its thesis is that uneven industrialization facilitates the formation of special interest groups with monopoly control over factor supplies. An uneven industrial structure is both an artifact of underdevelopment in a country due to a history of high innovation costs, and a feature of society that further impeded development via its effect on the creation of special interest groups. In this sense, slow development sows a seed for slower development. We argue that the theory is potentially useful for explaining the fall in the median growth rate of developing nations since 1980
  • Special Interests, Economic Development, Industrialization
  • RePEc:red:sed004:273
Language
  • English
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