MARC Record from Library of Congress

LEADER: 02144cam a22003137a 4500
001 2005618981
003 DLC
005 20050928134923.0
007 cr |||||||||||
008 050928s2005 gw sb 000 0 eng
010 $a 2005618981
040 $aDLC$cDLC
050 00 $aHD5701
100 1 $aFalkinger, Josef.
245 10 $aDistribution of natural resources, entrepreneurship, and economic development$h[electronic resource] :$bgrowth dynamics with two elites /$cby Josef Falkinger, Volker Grossmann.
260 $aBonn, Germany :$bIZA,$c[2005]
490 1 $aDiscussion paper ;$vno. 1756
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/28/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two channels: First, by weakening oligopsony power of owners and thereby easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity progress. We argue that these hypotheses are consistent with a large body of historical evidence from the Americas and with evidence on transition economies"--Forschungsinstitut zur Zukunft der Arbeit web site.
650 0 $aNatural resources.
650 0 $aEntrepreneurship.
650 0 $aEconomic development.
700 1 $aGrossmann, Volker,$d1971-
830 0 $aDiscussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;$vno. 1756
856 40 $uhttp://www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=1756