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Dual Economy Models: Retrospect and Prospect

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  • Kanbur, S M Ravi
  • McIntosh, James P

Abstract

This 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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  • Kanbur, S M Ravi & McIntosh, James P, 1988. "Dual Economy Models: Retrospect and Prospect," Bulletin of Economic Research, Wiley Blackwell, vol. 40(2), pages 83-113, April.
    • Handle: RePEc:bla:buecrs:v:40:y:1988:i:2:p:83-113
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    Cited by:

    1. Mathan Satchi & Jonathan Temple, 2009. "Labor Markets and Productivity in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 183-204, January.
    2. Swaminathan, M., 1991. "Understanding the "Informal Sector": A Survey," Research Paper 95, World Institute for Development Economics Research.
    3. Jonathan Temple, 2002. "Wage Inequality in a Dual Economy," Bristol Economics Discussion Papers 02/531, School of Economics, University of Bristol, UK.
    4. Takeuchi, Nobuyuki, 2010. "Industrialization and the role of government," MPRA Paper 26822, University Library of Munich, Germany.
    5. Mathan Satchi & Jonathan Temple, 2006. "Growth and labour markets in developing countries," CEDI Discussion Paper Series 06-12, Centre for Economic Development and Institutions(CEDI), Brunel University.
    6. Jonathan R. W. Temple, 2005. "Growth and Wage Inequality in a Dual Economy," Bulletin of Economic Research, Wiley Blackwell, vol. 57(2), pages 145-169, April.
    7. Jonathan Temple, 2005. "Dual Economy Models: A Primer For Growth Economists," Manchester School, University of Manchester, vol. 73(4), pages 435-478, July.
    8. Amitava Krishna Dutt, 1989. "Sectoral Balance: A Survey," WIDER Working Paper Series wp-1989-056, World Institute for Development Economic Research (UNU-WIDER).
    9. Mathan Satchi & Jonathan Temple, 2009. "Labor Markets and Productivity in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 183-204, January.
    10. Jonathan Temple & Huikang Ying, 2014. "Life During Structural Transformation," Bristol Economics Discussion Papers 14/650, School of Economics, University of Bristol, UK, revised 08 Dec 2014.
    11. Partha Sen, 2013. "Capital Accumulation and Convergence in a Small Open Economy," Review of International Economics, Wiley Blackwell, vol. 21(4), pages 690-704, September.

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