Development of domestic markets and poverty reduction for poor developing economies |
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| Authors: | Yih-Luan Chyi Chun-Sin Hwang |
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| Affiliation: | 1. Department of Chemical Engineering, Institute of Chemical Technology Prague, Technická 3, 166 28 Prague 6, Czech Republic;2. Department of Chemical & Biochemical Engineering, Rutgers, The State University of New Jersey, Piscataway, NJ, USA;1. Department of Systems, Populations and Leadership, University of Michigan School of Nursing, 400 N. Ingalls Street, Room 4352, Ann Arbor, MI 48109, United States;2. Division of General Internal Medicine and Health Services Research, UCLA David Geffen School of Medicine, Department of Health Policy and Management, UCLA Fielding School of Public Health, United States;3. Department of Community Health Sciences, UCLA Fielding School of Public Health, United States;4. Division of General Internal Medicine and Health Services Research, UCLA David Geffen School of Medicine, United States;1. University of Malaya, Kuala Lumpur, Malaysia;2. University of Reading, UK;3. University of Oxford, UK;4. IZA, University of Bonn, Germany;5. University of Manchester, UK;6. The World Bank, Washington, DC, United States;1. University of Winchester, Faculty of Business, Law and Sport, Department of Applied Management, West Downs Campus, Winchester SO22 4NR, England, United Kingdom;2. School of Arts and Humanities, Mauritius Institute of Education, Reduit, Mauritius;3. Pau Business School, Rue St John Perse, 64000 Pau, France;1. Bogazici University, Istanbul, Turkey;2. Kocaeli University, Kocaeli, Turkey;3. Marmara University, Istanbul, Turkey;1. Department of Integrative Physiology, University of Colorado Boulder, Boulder, CO 80309, USA;2. Center for Neuroscience, University of Colorado Boulder, Boulder, CO 80309-0354, USA;3. Department of Physical Medicine & Rehabilitation and Center for Neuroscience, University of Colorado Anschutz Medical Campus, Aurora, CO 80045, USA;4. Rocky Mountain Mental Illness Research Education and Clinical Center, Denver, CO 80220, USA;5. Military and Veteran Microbiome Consortium for Research and Education (MVM-CoRE), Denver, CO 80220, USA;6. Department of Psychology and Neuroscience, University of Colorado Boulder, Boulder, CO 80309, USA |
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| Abstract: | Constructing a model of structural change with household production, this paper finds two equilibrium paths: one path leads to a low-income steady state and the other to a high-income steady state. This paper shows that as long as the relative marginal productivity of manufactured goods in household production is high enough, a poor country may transform from a home-producing economy to a firm-producing one and eventually reaches a high standard of living. Is it empirically acceptable for us to claim that when a country starts with poorer pro-market infrastructures and institutions, she will be less likely to escape from poverty later on? This paper provides an empirical evidence of positive relationship between pro-market infrastructures and poverty reduction for poor developing countries. |
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