Carsten A. Holza, b,
, 
[size=1em]a Social Science Division, Hong Kong University of Science & Technology, Clear Water Bay, Kowloon, Hong Kong
b Department of Economics, University of Southern California, 3620 South Vermont Avenue, KAP 300, Los Angeles, CA 90089-0253, USA
[size=1em]Received 14 July 2007;
[size=1em]revised 9 July 2010;
[size=1em]accepted 29 October 2010.
[size=1em]Available online 4 November 2010.
[size=1em][size=1em]AbstractAlbert Hirschman's
unbalanced growth hypothesis
suggests that a developing economy can promote economic
growth
by initially investing in industries with high backward and forward linkages. In the
case
of Chinese economic policy today, one application would be the continued presence of the
state
in high-linkage sectors and the strategic withdrawal of the
state
from low-linkage sectors. The evidence shows that while the degree of linkage plays an important
role
in generating economic
growth
in
China,
province-specific withdrawal strategies for the
state
sector have no effect on economic
growth.
The unbalanced growth hypothesis and the role of the state.pdf
(506.9 KB)



雷达卡


京公网安备 11010802022788号







