O-ring theory of economic development

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:contrastsWith traditional models of economic development
gptkbp:explains income disparities between countries
gptkbp:focusesOn complementarity of tasks
gptkbp:hasModel production function model
https://www.w3.org/2000/01/rdf-schema#label O-ring theory of economic development
gptkbp:implies high-skill workers tend to work together
gptkbp:influenced policy on education and training
gptkbp:namedAfter O-ring failure in the Challenger disaster
gptkbp:proposedBy gptkb:Michael_Kremer
productivity depends on weakest link in production chain
gptkbp:publishedIn gptkb:Quarterly_Journal_of_Economics
gptkbp:relatedTo human capital theory
complementarity in production
gptkbp:usedIn development economics
gptkbp:yearProposed 1993
gptkbp:bfsParent gptkb:Michael_Kramer
gptkbp:bfsLayer 4