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Push or Pull? The Relationship between Development, Trade and Primary Resource Endowment

Wen, Rose Mei; King, Stephen P


We develop a model to capture the interaction between transaction efficiency and primary resource endowment for specialization and development. This interaction leads to four broad patterns of development. Countries with low primary resource endowment can be pushed into development so long as their institutions exhibit sufficient transaction efficiency. Otherwise, development may fail to occur. Similarly, a country may fail to develop because it is 'cursed' by abundant natural resources. If,...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Journal article
Source: Journal of Economic Behavior and Organization
DOI: 10.1016/S0167-2681(03)00098-2


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