How Significant Are Externalities for Development?
This paper provides an assessment of the magnitude and policy significance of externalities in developing countries. Much past analysis has focused on static externalities. The analytic survey of concepts and evidence, however, suggests that dynamic externalities are of major significance--in partic...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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1991
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| _version_ | 1797104219864432640 |
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| author | Stewart, F Ghani, E |
| author_facet | Stewart, F Ghani, E |
| author_sort | Stewart, F |
| collection | OXFORD |
| description | This paper provides an assessment of the magnitude and policy significance of externalities in developing countries. Much past analysis has focused on static externalities. The analytic survey of concepts and evidence, however, suggests that dynamic externalities are of major significance--in particular the nonmarket transmission of technological innovation and the cumulative interaction of learning economies, scale economies, innovation and market growth. Examples of the history of the semiconductor industry in the United States and agroindustrial development in the Punjab illustrate. Policy implications include protection and subsidization of industries particularly subject to this process. |
| first_indexed | 2024-03-07T06:30:48Z |
| format | Journal article |
| id | oxford-uuid:f5eeebe9-7c90-4d45-bf66-26e738f9d227 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:30:48Z |
| publishDate | 1991 |
| record_format | dspace |
| spelling | oxford-uuid:f5eeebe9-7c90-4d45-bf66-26e738f9d2272022-03-27T12:31:01ZHow Significant Are Externalities for Development?Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f5eeebe9-7c90-4d45-bf66-26e738f9d227EnglishDepartment of Economics - ePrints1991Stewart, FGhani, EThis paper provides an assessment of the magnitude and policy significance of externalities in developing countries. Much past analysis has focused on static externalities. The analytic survey of concepts and evidence, however, suggests that dynamic externalities are of major significance--in particular the nonmarket transmission of technological innovation and the cumulative interaction of learning economies, scale economies, innovation and market growth. Examples of the history of the semiconductor industry in the United States and agroindustrial development in the Punjab illustrate. Policy implications include protection and subsidization of industries particularly subject to this process. |
| spellingShingle | Stewart, F Ghani, E How Significant Are Externalities for Development? |
| title | How Significant Are Externalities for Development? |
| title_full | How Significant Are Externalities for Development? |
| title_fullStr | How Significant Are Externalities for Development? |
| title_full_unstemmed | How Significant Are Externalities for Development? |
| title_short | How Significant Are Externalities for Development? |
| title_sort | how significant are externalities for development |
| work_keys_str_mv | AT stewartf howsignificantareexternalitiesfordevelopment AT ghanie howsignificantareexternalitiesfordevelopment |