economic development as self – discovery
نویسندگان
چکیده
in the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities, because such discoveries can be easily imitated. two failures of the laissez – faire outcome are being highlighted: there is too little investment and entrepreneurship ex ante, and too much production diversi-fication ex post. optimal policy consists of counteracting these distortions: to encourage investment in the modern sector ex ante, but to rationalize production ex post. some informal evidence on the building blocks of the model is provided.
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عنوان ژورنال:
برنامه ریزی و بودجهجلد ۷، شماره ۶، صفحات ۳-۴۶
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