This paper focuses on the potentially important role of rural nonagricultural activity in the development process. Using the S. Hymer-S. Resnick Z-goods model as a point of departure, the authors first show that its pessimistic conclusions are based on rather restrictive assumptions as applied to the colonial period. They relax these assumptions, indicating the theoretical possibility of a substantially more positive scenario for that period. Subsequently, they analyze the role of Z-goods, tr...Expand abstract
- Journal of Development Economics
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Rural Nonagricultural Activities in Development: Theory and Application.
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