Economic development as self-discovery
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In economies where firms face substantial entry barriers, the underinvestment problem noted by Hausmann and Rodrik (2003) is not likely to be serious.
“This suggests that in economies where firms face substantial entry barriers, the underinvestment problem noted by Hausmann and Rodrik (2003) is not likely to be serious.”
From Is There a Case for Industrial Policy? A Critical Survey (2006) · cites this paper as Hausmann and Rodrik (2003)
The market equilibrium in Hausmann and Rodrik's model yields too little specialization.
“The second market failure identified by Hausmann and Rodrik (2003) is that the market equilibrium yields too little specialization-all activities that turn out to be profitable are sustained whereas optimality requires that only the one activity with the highest return be pursued.”
From Is There a Case for Industrial Policy? A Critical Survey (2006) · cites this paper as Hausmann and Rodrik (2003)
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Liquidity, Risk, and Occupational Choices
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New Structural Economics: A Framework for Rethinking Development
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Efforts to Implement Smart Specialization in Practice—Leading Unlike Horses to the Water
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4. Industrial Policy for the Twenty-first Century
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Success and failure of African exporters
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- Authors
- Hausmann, R., & Rodrik, D.
- Affiliations
- Harvard University (US)
- Corresponding author
- Rodrik, Dani
- Venue
- Journal of Development Economics
- Publisher
- Elsevier BV
- Published
- 2003-12
- Volume
- 72
- Issue
- 2
- Pages
- 603-633
- ISSN
- 0304-3878 (ISSN-L)
- OpenAlex
- W2120106358
- Cited by
- 1,840
- References
- 51
- Citations by year
- 2026: 74 · 2025: 72 · 2024: 77 · 2023: 71 · 2022: 82 · 2021: 89 · 2020: 112 · 2019: 96 · 2018: 90 · 2017: 102 · 2016: 113 · 2015: 105 · 2014: 82 · 2013: 97 · 2012: 94
- FWCI
- 73.51
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Development Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic and Technological Innovation
- Keywords
- economic development, self-discovery, imitation, production costs, entrepreneurship, production diversification, production rationalization, optimal policy, small open economy, general equilibrium
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