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...
متن کاملEndogenous Technology Choice and the Big Push
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...
متن کاملA big push.
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...
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...
متن کاملCan Minimum Wages Cause a Big Push? Evidence from Indonesia
PRELIMINARY AND INCOMPLETE: PLEASE DO NOT CITE Big Push models suggest that local product demand can create multiple labor market equilibria: one featuring high wages, formalization, and high demand and one with low wages, informality, and low demand. I demonstrate that minimum wages may coordinate development at the high wage equilibrium. Using data from 1990s Indonesia, where minimum wages in...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1989
ISSN: 0022-3808,1537-534X
DOI: 10.1086/261641