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MARC Record from Library of Congress

Record ID marc_loc_2016/BooksAll.2016.part36.utf8:74793952:2312
Source Library of Congress
Download Link /show-records/marc_loc_2016/BooksAll.2016.part36.utf8:74793952:2312?format=raw

LEADER: 02312cam a22002777a 4500
001 2008610532
003 DLC
005 20080815090843.0
007 cr |||||||||||
008 080613s2008 mau sb 000 0 eng
010 $a 2008610532
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aJones, Charles I.$q(Charles Irving)
245 10 $aIntermediate goods, weak links, and superstars$h[electronic resource] :$ba theory of economic development /$cCharles I. Jones.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2008.
490 1 $aNBER working paper series ;$vworking paper 13834
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/13/2008.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Per capita income in the richest countries of the world exceeds that in the poorest countries by more than a factor of 50. What explains these enormous differences? This paper returns to several old ideas in development economics and proposes that linkages, complementarity, and superstar effects are at the heart of the explanation. First, linkages between firms through intermediate goods deliver a multiplier similar to the one associated with capital accumulation in a neoclassical growth model. Because the intermediate goods' share of revenue is about 1/2, this multiplier is substantial. Second, just as a chain is only as strong as its weakest link, problems at any point in a production chain can reduce output substantially if inputs enter production in a complementary fashion. Finally, the high elasticity of substitution associated with final consumption delivers a superstar effect: GDP depends disproportionately on the highest levels of productivity in the economy. This paper builds a model with links across sectors, complementary inputs, and highly substitutable consumption, and shows that it can easily generate 50-fold aggregate income differences"--National Bureau of Economic Research web site.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13834.
856 40 $uhttp://papers.nber.org/papers/w13834