Industrial structure, appropriate technology and economic growth in less developed countries
By: Justin Yifu Lin, Pengfei Zhang.
Contributors: Zhang, Pengfei.; World Bank.
Series: Policy research working paper -- 4905; Policy research working papers (Online) -- 4905.
Publisher: World Bank
Published: 2009
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Economics
Description: "The authors develop an endogenous growth model that combines structural change with repeated product improvement.  That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time.  Application of the basic model to less developed economies shows that the (optimal) industrial structure and the (most) appropriate technologies in less developed economies are endogenously determined by their factor endowments.  A firm in a less developed country that enters a capital-intensive, advanced industry in a developed country would be nonviable owing to the relative scarcity of capital in the factor endowments of less developed countries. "--World Bank web site.
Notes: Title from PDF file as viewed on 5/7/2009.

Includes bibliographical references.

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Mode of access: World Wide Web.