Abstract
Economic activities in different industries are linked to each other through aggregate income (horizontal linkages) and input–output relationships (vertical linkages). Could such linkages give rise to vicious circles of underdevelopment or virtuous circles of development when there are increasing returns to scale at the firm level?
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Ciccone, A. (2018). Linkages. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_916
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DOI: https://doi.org/10.1057/978-1-349-95189-5_916
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