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Landlords, Tenants, and Technological Innovations

Stiglitz, Joseph E.; Braverman, Avishay

Shows that the institutional structure of the economy may be an important determinant of whether a particular innovation will or will not be adopted in less developed countries (LDC). Use of sharecropping contracts by LDC; Adoption of innovation resulting in lower welfare of workers and lower net national product; Impact of the linkage between credit and tenancy markets on the adoption of technology.



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April 29, 2013
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