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| Author: | Gans, J. S. |
| Title: | Time lags and indicative planning in a dynamic model of industrialization |
| Journal: | Journal of the Japanese and International Economies
1998 : JUN, VOL. 12:2, p. 103-130 |
| Index terms: | Planning Specialization Technology Investment Models |
| Freeterms: | Industrialization |
| Language: | eng |
| Abstract: | The paper presents a model combining the increasing specialization and adoption of modern technologies views of industrialization. It is shown that, in a certain framework, firms prefer to delay industrialization in the development trap. This suggests that policies aimed at transition by using indicative planning are unlikely to be successful. |
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