Abstract The traditional view of development economics is that capital formation was regarded as a key factor for an agricultural society’s industrialization. The regions with better agricultural production conditions were more easily for capital accumulation and starting industrialization progress. But the fact that we find in Changyuan country of Henan Province doesn’t support the opinion. The paper argues that agricultural production conditions have not only a positive effect of capital formation which benefit industrialization, but also an inhibitory effect of entrepreneurship. Then, the paper constructs a career choice model to explain the inhibitory effect and named it with “resource curse". As the corollary, the model point out that some factors, which including financial repression, the restricted labor mobility and the poor-integrated market, are the preconditions for “resource curse”.
TU Ping. Resource Curse and the Entrepreneurs Formation of Traditional Agricultural Regions ——Based on the Case Study of Changyuan. Economic Survey, 2015, 32(3): 01.
2015, Vol. 32 
|
