Dual Economy Models: Retrospect and Prospect
AbstractThis paper surveys recent work on dual economy models starting from the famous Dale W. Jorgenson paper (1961) and ending with some of the new contributions to the literature on N orth-South trade, which have the same analytical structure as the dua l economy model. Various models are compared with respect to assumpti ons about asymmetries, speeds of adjustment, and factor immobilities. Two important conclusions are noted: dynamic behavior is often quite sensitive to the ranking of adjustment speeds and the direction of f urther research should be toward further disaggregation. Copyright 1988 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Bulletin of Economic Research.
Volume (Year): 40 (1988)
Issue (Month): 2 (April)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378
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- Mathan Satchi & Jonathan Temple, 2008. "Online Appendix for "Labor Markets and Productivity in Developing Countries"," Technical Appendices 06-167, Review of Economic Dynamics.
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- Mathan Satchi & Jonathan Temple, 2006. "Growth and labour markets in developing countries," Bristol Economics Discussion Papers 06/581, Department of Economics, University of Bristol, UK.
- Satchi, Mathan & Temple, Jonathan, 2006. "Growth and Labour Markets in Developing Countries," CEPR Discussion Papers 5515, C.E.P.R. Discussion Papers.
- Takeuchi, Nobuyuki, 2010. "Industrialization and the role of government," MPRA Paper 26822, University Library of Munich, Germany.
- Jonathan Temple, 2002. "Wage Inequality in a Dual Economy," Bristol Economics Discussion Papers 02/531, Department of Economics, University of Bristol, UK.
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