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dc.contributor.authorFalkinger, Josefen
dc.contributor.authorGrossmann, Volkeren
dc.date.accessioned2006-01-16-
dc.date.accessioned2010-07-07T09:11:29Z-
dc.date.available2010-07-07T09:11:29Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1756en
dc.subject.jelO10en
dc.subject.jelH50en
dc.subject.ddc330en
dc.subject.keywordcredit constraintsen
dc.subject.keyworddistributionen
dc.subject.keywordeconomic developmenten
dc.subject.keywordentrepreneurshipen
dc.subject.keywordinstitutionsen
dc.subject.keywordoligopsony poweren
dc.subject.keywordpolitical elitesen
dc.subject.stwRohstoffressourcenen
dc.subject.stwVermögensverteilungen
dc.subject.stwUnternehmeren
dc.subject.stwInvestitionen
dc.subject.stwVerschuldungsrestriktionen
dc.subject.stwEntwicklungen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwEliteen
dc.subject.stwTheorieen
dc.subject.stwÜbergangswirtschaften
dc.subject.stwLateinamerikaen
dc.titleDistribution of natural resources, entrepreneurship and economic development: growth dynamics with two elites-
dc.type|aWorking Paperen
dc.identifier.ppn504723170en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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