Chapter 5. Driving Force III - Economies of Scale and Trading Efficiency

  1. Xiaokai Yang

Published Online: 14 JAN 2008

DOI: 10.1002/9780470752036.ch5

Economic Development and the Division of Labor

Economic Development and the Division of Labor

How to Cite

Yang, X. (ed) (2003) Driving Force III - Economies of Scale and Trading Efficiency, in Economic Development and the Division of Labor, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470752036.ch5

Publication History

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2003

ISBN Information

Print ISBN: 9780631220039

Online ISBN: 9780470752036

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Keywords:

  • economists;
  • utility;
  • transaction;
  • traditional sectors;
  • industrialization

Summary

This chapter contains section titled:

  • ECONOMIES OF SCALE AND ECONOMIC DEVELOPMENT

  • GENERAL EQUILIBRIUM MODELS OF ECONOMIC DEVELOPMENT WITH TRADE-OFFS BETWEEN ECONOMIES OF SCALE, CONSUMPTION VARIETY, AND TRANSACTION COSTS

  • THE ETHIER MODEL WITH TRANSACTION COSTS

  • THE MURPHY—SHLEIFER—VISHNY (MSV) MODEL OF BIG-PUSH INDUSTRIALIZATION

  • THE SACHS AND YANG MODEL WITH ECONOMIES OF SCALE, ENDOGENOUS DEGREE OF INDUSTRIALIZATION, AND TRANSACTION COSTS