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dc.contributor.authorFalkinger, Josefen_US
dc.contributor.authorGrossmann, Volkeren_US
dc.date.accessioned2006-01-16en_US
dc.date.accessioned2010-07-07T09:11:29Z-
dc.date.available2010-07-07T09:11:29Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/33395-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1756en_US
dc.subject.jelO10en_US
dc.subject.jelH50en_US
dc.subject.ddc330en_US
dc.subject.keywordcredit constraintsen_US
dc.subject.keyworddistributionen_US
dc.subject.keywordeconomic developmenten_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordoligopsony poweren_US
dc.subject.keywordpolitical elitesen_US
dc.subject.stwRohstoffressourcenen_US
dc.subject.stwVermögensverteilungen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwInvestitionen_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwEntwicklungen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwEliteen_US
dc.subject.stwTheorieen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwLateinamerikaen_US
dc.titleDistribution of natural resources, entrepreneurship and economic development: growth dynamics with two elitesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn504723170en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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