The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
The O-Ring Theory of Economic Development
Abstract
This paper proposes a production function describing processes subject to mistakes in any of several tasks. It shows that high-skill workers—those who make few mistakes—will be matched together in equilibrium, and that wages and output will rise steeply in skill. The model is consistent with large income differences between countries, the predominance of small firms in poor countries, and the positive correlation between the wages of workers in different occupations within enterprises. Imperfect observability of skill leads to imperfect matching and thus to spillovers, strategic complementarity, and multiple equilibria in education.
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Citations
Cites
Becker, G. S. (1991) · doi:10.4159/9780674020665 · Cited by 10,565
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
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The Growing Importance of Social Skills in the Labor Market*
Deming, D. J. (2017) · The Quarterly Journal of Economics · doi:10.1093/qje/qjx022 · Cited by 1,727
Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective
Acs, Z. J., Estrin, S., Mickiewicz, T., & Szerb, L. (2018) · Small Business Economics · doi:10.1007/s11187-018-0013-9 · Cited by 582
The present and future of deep learning in radiology
Saba, L., Biswas, M., Kuppili, V., Cuadrado Godia, E., Suri, H. S., Edla, D. R., Omerzu, T., Laird, J. R., Khanna, N. N., Mavrogeni, S., et al. (2019) · European Journal of Radiology · doi:10.1016/j.ejrad.2019.02.038 · Cited by 353
Rajan, R. G., Zingales, L., & Kumar, K. B. (1999) · doi:10.2139/ssrn.170349 · Cited by 309
Metadata
- Authors
- Kremer, M.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1993-08-01
- Volume
- 108
- Issue
- 3
- Pages
- 551-575
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2003214452
- Cited by
- 1,617
- References
- 2
- FWCI
- 21.21
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
