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Big push model

Index Big push model

The Big Push Model is a concept in development economics or welfare economics that emphasizes the fact that a firm's decision whether to industrialize or not depends on the expectation of what other firms will do. [1]

Table of Contents

  1. 21 relations: Andrei Shleifer, Development economics, Dual economy, Economies of scale, Game theory, Industrialisation, Kevin M. Murphy, Kiminori Matsuyama, Oligopoly, Paul Krugman, Paul Romer, Paul Rosenstein-Rodan, Ragnar Nurkse, Ragnar Nurkse's balanced growth theory, Richard R. Nelson, Robert W. Vishny, Rostow's stages of growth, Strategy of unbalanced growth, United Nations Millennium Project, Vicious circle, Welfare economics.

Andrei Shleifer

Andrei Shleifer (born February 20, 1961) is a Russian-American economist and Professor of Economics at Harvard University, where he has taught since 1991.

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Development economics

Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries.

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Dual economy

A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand.

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Economies of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time.

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Game theory

Game theory is the study of mathematical models of strategic interactions.

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Industrialisation

Industrialisation (UK) or industrialization (US) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society.

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Kevin M. Murphy

Kevin Miles Murphy (born 1958) is the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago Booth School of Business and a Senior Fellow at the Hoover Institution.

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Kiminori Matsuyama

is a Japanese economist.

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Oligopoly

An oligopoly is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market.

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Paul Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York and a columnist for The New York Times.

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Paul Romer

Paul Michael Romer (born November 6, 1955) is an American economist and policy entrepreneur who is a University Professor in Economics at Boston College.

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Paul Rosenstein-Rodan

Paul Narcyz Rosenstein-Rodan (1902–1985) was an economist of Jewish origin born in Kraków, who was trained in the Austrian tradition under in Vienna.

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Ragnar Nurkse

Ragnar Wilhelm Nurkse (5 October 1907, Käru, Estonia – 6 May 1959, Le Mont-Pèlerin, Switzerland) was an Estonian-American economist and policy maker mainly in the fields of international finance and economic development.

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Ragnar Nurkse's balanced growth theory

The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959).

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Richard R. Nelson

Richard R. Nelson (born 1930 in New York City) is an American professor of economics at Columbia University.

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Robert W. Vishny

Robert Ward Vishny (born c. 1959) is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

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Rostow's stages of growth

The Rostovian take-off model (also called "Rostow's Stages of Growth") is one of the major historical models of economic growth. Big push model and Rostow's stages of growth are economics models.

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Strategy of unbalanced growth

Unbalanced growth is a natural path of economic development.

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United Nations Millennium Project

The Grassington Millennium Project was an initiative that focused on detailing the organizational means, operational priorities, and financing structures necessary to achieve the Millennium Development Goals or (MDGs).

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Vicious circle

A vicious circle (or cycle) is a complex chain of events that reinforces itself through a feedback loop, with detrimental results.

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Welfare economics

Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society.

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References

[1] https://en.wikipedia.org/wiki/Big_push_model

Also known as Big push.