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The political economy of inclusive rural growth

Carter, Michael and Morrow, John (2014) The political economy of inclusive rural growth. CEP Discussion Papers (CEPDP1259). Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

Abstract Commentators on the `East Asian Miracle' of inclusive growth have often pointed toward shared rural growth policies. But why were these policies not chosen elsewhere? This paper models voters who invest in either subsistence or a complex technology in which public goods complement private capital. Investment and technology choices vary with wealth and the level of public goods enforced by political lobbies. Outcomes depend on the strength of the incipient middle class who bolster political incentives through contributions. Economies with a stronger middle class due to lower inequality or lower risk may thereby sustain higher productivity through public good provision.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2014 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
S Agriculture > S Agriculture (General)
JEL classification: D - Microeconomics > D2 - Production and Organizations
H - Public Economics > H4 - Publicly Provided Goods
O - Economic Development, Technological Change, and Growth > O1 - Economic Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 26 Nov 2014 12:51
Last Modified: 26 Nov 2014 12:51
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/60268

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