The Need for Industrial Policy in LDC's-A Re-Statement of the Infant Industry Argument
Abstract
This paper presents a learning-by-doing model of a small open economy. Learning acquired in production of an industry x enhances productivity of industries x and y. By introducing dynamic production complementarities across industries through the learning curve, this approach presents an important generalization of P.K. Bardhan's 1971 model. Copyright 1987 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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- Authors
- Succar, P.
- Corresponding author
- Succar, Patricia
- Venue
- International Economic Review
- Publisher
- JSTOR
- Published
- 1987-06
- Volume
- 28
- Issue
- 2
- Pages
- 521
- ISSN
- 0020-6598 (ISSN-L)
- OpenAlex
- W2004397402
- Cited by
- 60
- References
- 16
- Citations by year
- 2026: 1 · 2025: 3 · 2024: 1 · 2023: 2 · 2022: 1 · 2021: 2 · 2019: 2 · 2018: 3 · 2017: 2 · 2016: 4 · 2015: 3 · 2014: 2 · 2013: 2 · 2012: 1
- FWCI
- 1.15
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- International Economic Review (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Global trade and economics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Keywords
- industrial policy, infant industry argument, hands-on learning, learning curve, small open economy, productivity spillovers, developing countries
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