Title

Porter model of economic development at the back of an envelope

RIS ID

142294

Publication Details

Pol, E. (2020). Porter model of economic development at the back of an envelope. Australian Economic Papers, 59 (2), 88-101.

Abstract

The Porter model of economic development links the phases of development with national competitiveness. His model lies at the heart of the Global Competitiveness Index. It appears, curiously enough, that there is nowhere in the economics literature a concise explanation of the Porter model of economic development. This paper not only fills this gap but also draws the line of separation between formal economic models and narrative economic models; provides a rigorous presentation of Porter model of economic development; distinguishes between the Porter development path and Porter's law of economic development; strips Porter model to its bare essentials in a single picture; and finally, shows that the Porter model satisfies the condition known as the way the world works (www) constraint.

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Link to publisher version (DOI)

http://dx.doi.org/10.1111/1467-8454.12173