Dual Model Of Economic Growth

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Economic Growth and Development

Author : Sibabrata Das
Publisher : Springer
ISBN 13 : 3319142658
Total Pages : 278 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Economic Growth and Development by : Sibabrata Das

Download or read book Economic Growth and Development written by Sibabrata Das and published by Springer. This book was released on 2015-01-12 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. This book is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. With its single model and focus on data and policy analysis, this text is intended for beginning graduate students and policy makers interested in economic development.

The Vanishing Middle Class

Author : Peter Temin
Publisher : MIT Press
ISBN 13 : 0262036169
Total Pages : 254 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Vanishing Middle Class by : Peter Temin

Download or read book The Vanishing Middle Class written by Peter Temin and published by MIT Press. This book was released on 2017-03-17 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Dual Economy

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 223 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Dual Economy by : Fouad Sabry

Download or read book Dual Economy written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-10 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Dual Economy A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Dual economy Chapter 2: Economy of Benin Chapter 3: Economy of Ghana Chapter 4: Economy of Mali Chapter 5: Economy of Senegal Chapter 6: Informal economy Chapter 7: Index of economics articles Chapter 8: W. Arthur Lewis Chapter 9: Child labour in cocoa production Chapter 10: Dual-sector model Chapter 11: Development theory Chapter 12: Michael Todaro Chapter 13: Agriculture in Ivory Coast Chapter 14: Economy of Ivory Coast Chapter 15: Spheres of exchange Chapter 16: Tourism in Africa Chapter 17: Fei-Ranis model of economic growth Chapter 18: Unemployment in India Chapter 19: Engels' pause Chapter 20: Hanan Jacoby Chapter 21: Economic history of Ivory Coast (II) Answering the public top questions about dual economy. (III) Real world examples for the usage of dual economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Dual Economy.

Sector Growth and the Dual Economy Model

Author : Niels-Hugo Blunch
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis Sector Growth and the Dual Economy Model by : Niels-Hugo Blunch

Download or read book Sector Growth and the Dual Economy Model written by Niels-Hugo Blunch and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing mainly on industry has not been optimal policy in Côte d'Ivoire, Ghana, and Zimbabwe. For maximum economywide growth, it would have been better to balance policies to facilitate growth in all three sectors: agriculture, industry, and services.

Interdependent Development

Author : Harold Brookfield
Publisher : Taylor & Francis
ISBN 13 : 1136856587
Total Pages : 251 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis Interdependent Development by : Harold Brookfield

Download or read book Interdependent Development written by Harold Brookfield and published by Taylor & Francis. This book was released on 2012-08-06 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rather than being a book about ‘development’ per se, this work, first published in 1975, is instead a book about ideas about development, designed for those drawn by a concern over social injustice into the development field. In a selective review of theory, which gives particular emphasis to the spatial dimension in Western, Marxist and neo-Marxist thought, Harold Brookfield traces the evolution of ideas about world inequality and the problem of development from the days before the ‘underdeveloped countries’ were considered to be a major problem, through the years dominated by ‘economic growth’, to the more searching approaches of the contemporary era. The central argument of the book is that development is a ‘totality’, which cannot properly be understood by separation into parts. The ‘developed’ and ‘underdeveloped’ countries constitute one interdependent system, and change in one cannot be understood without consideration of the other.

Economic Growth and Income Distribution in the Dual Economy

Author : Armando Pinell-Siles
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Economic Growth and Income Distribution in the Dual Economy by : Armando Pinell-Siles

Download or read book Economic Growth and Income Distribution in the Dual Economy written by Armando Pinell-Siles and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Artificial Intelligence in Economics and Finance Theories

Author : Tankiso Moloi
Publisher : Springer Nature
ISBN 13 : 3030429628
Total Pages : 131 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Artificial Intelligence in Economics and Finance Theories by : Tankiso Moloi

Download or read book Artificial Intelligence in Economics and Finance Theories written by Tankiso Moloi and published by Springer Nature. This book was released on 2020-05-07 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificial intelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions. In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI.

Economic Growth and Income Distribution in the Development of China’s Dual Economy

Author : Wang Dihai
Publisher : Taylor & Francis
ISBN 13 : 1000545970
Total Pages : 451 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Economic Growth and Income Distribution in the Development of China’s Dual Economy by : Wang Dihai

Download or read book Economic Growth and Income Distribution in the Development of China’s Dual Economy written by Wang Dihai and published by Taylor & Francis. This book was released on 2023-02-28 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the start of the process of economic reform in 1978, China has maintained the structure of a dual economy, with concurrent development of the agricultural and industrial sectors. This book explores the key issues of China's economic growth and income distribution in this context. Pivoting on analysis of China's real GDP and growth rate, the first part of the book analyzes the evolution of economic growth and characteristics of economic structural changes across a period of forty years, scrutinizing the different determinants that contribute to growth. Then, chapters in the second part of the volume study the relationship between China's economic growth and economic development, elucidating the mechanism of interaction between the former and key factors of the latter, including investment, housing, education, and healthcare. The final chapters center on the development and current landscape of income distribution, providing explanation for sharpening income inequalities and advancing suggestions and feasible solutions to the problem of income gap. This book is targeted at scholars, students, and policymakers interested in China's economy, income distribution, and economic growth.

A Dual-economy Model of Modernization and Development

Author : Abhijit V. Banerjee
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis A Dual-economy Model of Modernization and Development by : Abhijit V. Banerjee

Download or read book A Dual-economy Model of Modernization and Development written by Abhijit V. Banerjee and published by . This book was released on 1996 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Growth

Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 0262303892
Total Pages : 519 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Economics of Growth by : Philippe Aghion

Download or read book The Economics of Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-12-19 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.

The Theory of Economic Growth

Author : W. Arthur Lewis
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (473 download)

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Book Synopsis The Theory of Economic Growth by : W. Arthur Lewis

Download or read book The Theory of Economic Growth written by W. Arthur Lewis and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Development and Planning Under Disarticulation and Disequilibrium

Author : Dilip Kumar Dutta
Publisher :
ISBN 13 :
Total Pages : 572 pages
Book Rating : 4.:/5 (29 download)

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Book Synopsis Economic Development and Planning Under Disarticulation and Disequilibrium by : Dilip Kumar Dutta

Download or read book Economic Development and Planning Under Disarticulation and Disequilibrium written by Dilip Kumar Dutta and published by . This book was released on 1985 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Biography of a Subject

Author : Gerald M. Meier
Publisher : Oxford University Press
ISBN 13 : 019029096X
Total Pages : 261 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Biography of a Subject by : Gerald M. Meier

Download or read book Biography of a Subject written by Gerald M. Meier and published by Oxford University Press. This book was released on 2004-10-14 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of economic development is one of the newest, most exciting, and most challenging branches of the broader discipline of economics and political economy. Although one could claim that Adam Smith was the first "development economist", the systematic study of the problems and processes of economic development in Africa, Asia, and Latin America has emerged only over the past five decades. This biography of the subject of economic development will focus on the essential ideas in the evolution of development thought and policy over the subject's half-century of life. In concise form and avoiding undue technicality, it highlights the influence of development theory on policymaking and on the mixed record of successes and failures in promoting development efforts. The interpretation of theory, policy, and the lessons of experience are covered in three periods: early development economics of the 1950s-60s; orthodox reaction of the 1970s-80s; and the new development economics of the 1980s-90s. Gerald Meier-one of the world's most prominent leading thinkers in the economics of development - interprets the past treatment of development problems with the present and future in mind. He re-interprets the past two generations of development economists in a contemporary voice. And in a forward-looking fashion, the book's perspectives should make the next generation of development problems-and development economists-more intelligible. The reader is invited to consider whether development economists really know how to put matters right.

Sector Growth and the Dual Economy Model

Author : Niels-Hugo Blunch
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Sector Growth and the Dual Economy Model by : Niels-Hugo Blunch

Download or read book Sector Growth and the Dual Economy Model written by Niels-Hugo Blunch and published by . This book was released on 2016 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing mainly on industry has not been optimal policy in Cote d'Ivoire, Ghana, and Zimbabwe. For maximum economywide growth, it would have been better to balance policies to facilitate growth in all three sectors: Agriculture, industry, and services.Blunch and Verner analyze and compare sectoral growth in three African economies - Cote d'Ivoire, Ghana, and Zimbabwe - since 1965. They extend the classic dual economy - the agriculture and industry sectors - by adding the services sector. For all three countries, they find at least one statistically significant long-run relationship for sectoral GDP. This indicates a large degree of interdependence in long-run growth among the three sectors. This also provides evidence against the basic dual economy model, which implies that a long-run relationship cannot exist between agricultural and industrial output.Analysis of the impulse response and analysis of short-run sectoral growth support the results on the interdependence of sectoral growth. Both imply that a positive link exists between growth in industry and growth in agriculture. Their findings contradict the literature on the dual economy - and suggest that more attention should be paid to inter-sectoral dynamics and dependencies in Sub-Saharan Africa. Why? Because an adverse shock in, say, agriculture after a drought is likely to have an adverse impact on other economic sectors. Policymakers should try to accommodate not only the initial shock in agriculture but also its adverse effects in other sectors. They find that focusing mainly on industry was not optimal policy in Cote d'Ivoire, Ghana, and Zimbabwe. For maximum economywide growth, it would have been better to balance policies to include all three sectors: Agriculture, industry, and services.This paper is a product of Human Development 3, Africa Technical Families.

Development Economics

Author : Julie Schaffner
Publisher : John Wiley & Sons
ISBN 13 : 0470599391
Total Pages : 695 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Development Economics by : Julie Schaffner

Download or read book Development Economics written by Julie Schaffner and published by John Wiley & Sons. This book was released on 2013-10-07 with total page 695 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development Economics: Theory, Empirical Research, and Policy Analysis by Julie Schaffner teaches students to think about development in a way that is disciplined by economic theory, informed by cutting-edge empirical research, and connected in a practical way to contemporary development efforts. It lays out a framework for the study of developing economies that is built on microeconomic foundations and that highlights the importance in development studies of transaction and transportation costs, risk, information problems, institutional rules and norms, and insights from behavioral economics. It then presents a systematic approach to policy analysis and applies the approach to policies from around the world, in the areas of targeted transfers, workfare, agricultural markets, infrastructure, education, agricultural technology, microfinance, and health.

Unified Growth Theory

Author : Oded Galor
Publisher : Princeton University Press
ISBN 13 : 140083886X
Total Pages : 344 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Unified Growth Theory by : Oded Galor

Download or read book Unified Growth Theory written by Oded Galor and published by Princeton University Press. This book was released on 2011-04-11 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most of the vast span of human history, economic growth was all but nonexistent. Then, about two centuries ago, some nations began to emerge from this epoch of economic stagnation, experiencing sustained economic growth that led to significant increases in standards of living and profoundly altered the level and distribution of wealth, population, education, and health across the globe. The question ever since has been--why? This is the first book to put forward a unified theory of economic growth that accounts for the entire growth process, from the dawn of civilization to today. Oded Galor, who founded the field of unified growth theory, identifies the historical and prehistorical forces behind the differential transition timing from stagnation to growth and the emergence of income disparity around the world. Galor shows how the interaction between technological progress and population ultimately raised the importance of education in coping with the rapidly changing technological environment, brought about significant reduction in fertility rates, and enabled some economies to devote greater resources toward a steady increase in per capita income, paving the way for sustained economic growth. Presents a unified theory of economic growth from the dawn of civilization to today Explains the worldwide disparities in living standards and population we see today Provides a comprehensive overview of the three phases of the development process Analyzes the Malthusian theory and its empirical support Examines theories of demographic transition and their empirical significance Explores the interaction between economic development and human evolution

The Theory and Experience of Economic Development

Author : Mark Gersovitz
Publisher : Taylor & Francis
ISBN 13 : 1136878165
Total Pages : 417 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis The Theory and Experience of Economic Development by : Mark Gersovitz

Download or read book The Theory and Experience of Economic Development written by Mark Gersovitz and published by Taylor & Francis. This book was released on 2012-08-06 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, first published in 1982, is a collection of original essays written to honour Professor W. Arthur Lewis, 1979 co-winner of the Nobel Prize in economics. The authors, an international group of distinguished scholars, address a varied set of specific issues reflecting Professor Lewis’ research interests, covering topics which include: technological change in agriculture, analyses of unemployment and income distribution, the role of government policy in the development process, the historical record of development, and the relationship between developed and developing nations. The book will be of interest to both the academic researcher and practicing professionals in the international organisations and national governments, and are particularly appropriate to graduate courses in economic development, cost-benefit analysis and economic history.