Oligarchic land ownership, entrepreneurship, and economic development
BP2-STS
- Falkinger, Josef University of Fribourg, CESifo, IZA
- Grossmann, Volker ORCID University of Fribourg, CESifo, IZA
- 2013
Published in:
- Journal of Development Economics. - Elsevier BV. - 2013, vol. 101, p. 206-215
English
This paper develops a theory in which oligarchic ownership of land or other natural resources may impede entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to oligopsony power of owners in the agricultural labor market, higher ownership concentration depresses entrepreneurial investments by landless, credit-constrained households, whose investment possibilities depend on the income earned in the primary sector. We discuss historical evidence from Latin America, India, Taiwan and South Korea which supports our theory.
- Faculty
- Faculté des sciences économiques et sociales et du management
- Department
- Département d'économie politique
- Language
-
- English
- Classification
- Economics
- License
- Rights reserved
- Open access status
- green
- Identifiers
-
- DOI 10.1016/j.jdeveco.2012.11.003
- ISSN 0304-3878
- Persistent URL
- https://folia.unifr.ch/unifr/documents/322921
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