Titlebook: Economic Growth and Development; A Dynamic Dual Econo Sibabrata Das,Alex Mourmouras,Peter C. Rangazas Textbook 2015 Springer Nature Switzer

Hallmark

牛馬之尿

A Complete Dual EconomyIn this chapter we combine the main features introduced in previous chapters into a complete dual economy model. The model includes physical and human capital, fertility, wage gaps, and technological change. We then examine the ability of the model to replicate key features of the economic growth observed in real-world economies.

Infelicity

ConclusionIn this chapter, we summarize some of the main points we have learned about development and their related policy implications. The points are organized into those related to the . and those related to the . once it begins. We also discuss policy implications and topics for future research.

蜿蜒而流

intangibility

Neoclassical Growth Theory is growth via capital accumulation. We think of . as man-made durable inputs to the production process. The first type of capital we include is .. For our purposes, physical capital can be primarily thought of as plant and equipment that is produced in one period and then used in production in the

消毒

一美元

Two-sector Growth Modelsoduction. In the . sector, production is carried out by households using land (natural resources) and labor. There are no firms or factories that rely on heavy plant and equipment and modern production methods to produce goods. This setting can be used to identify the conditions necessary for a . se

現(xiàn)暈光

Wage and Fertility Gaps in Dual Economiesigher in the traditional sector than in the modern sector of economies. This has important consequences for economic growth for two reasons. First, the wage gap suggests that the allocation of labor may be inefficient—the movement of labor from the traditional sector to the modern sector should rais

違法事實

無王時期,