Social Absorption Capability and Economic Development

Leonid Hurwicz

Chapter 6 in Social Capability and Long-Term Economic Growth, 1995, pp 123-141 from Palgrave Macmillan

Abstract: Abstract The theme proposed by the background chapter is to analyze the successes and failures in the various developing countries and to explain the different outcomes in terms of a complex of variables grouped under the label of social absorption capability. This objective is indeed tremendously ambitious in its scope. Empirical studies have found it difficult to isolate variables that statistically confirm the relevance of popular explanatory variables. (This emerged, for instance, from the chapter presented by L. Summers at the Far East Econometric Society meetings in Seoul, 1991.)

Keywords: Nash Equilibrium; Outcome Function; Land Tenure; Competitive Equilibrium; Price Control (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-1-349-13512-7_6

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