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Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
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, written by distinguished economists and economic historians, use economic theory and historical cases to explore how and why … "history matters." The chapters, which range in subject matter from the economic theory of irreversible investment to the … integrating economic theory into historical research in the gathering and interpretation of data …
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, written by distinguished economists and economic historians, use economic theory and historical cases to explore how and why …
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This paper contributes to the empirical literature on the non-trivial relationship between financial development and economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development, balanced growth of both the industrial and financial...
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