Header

UZH-Logo

Maintenance Infos

Oligarchic land ownership, entrepreneurship, and economic development


Falkinger, Josef; Grossmann, Volker (2013). Oligarchic land ownership, entrepreneurship, and economic development. Journal of Development Economics, 101:206-215.

Abstract

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, creditconstrained
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.
Key words: Credit Constraints; Entrepreneurship; Oligopsony Power; Land
Concentration; Structural Change.

Abstract

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, creditconstrained
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.
Key words: Credit Constraints; Entrepreneurship; Oligopsony Power; Land
Concentration; Structural Change.

Statistics

Citations

2 citations in Web of Science®
4 citations in Scopus®
Google Scholar™

Altmetrics

Downloads

54 downloads since deposited on 14 Dec 2012
14 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:March 2013
Deposited On:14 Dec 2012 16:17
Last Modified:07 Dec 2017 16:36
Publisher:Elsevier
ISSN:0304-3878
Publisher DOI:https://doi.org/10.1016/j.jdeveco.2012.11.003

Download

Download PDF  'Oligarchic land ownership, entrepreneurship, and economic development'.
Preview
Content: Accepted Version
Filetype: PDF
Size: 316kB
View at publisher