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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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