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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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Bibliographic Info

Article provided by Wiley Blackwell in its journal Bulletin of Economic Research.

Volume (Year): 40 (1988)
Issue (Month): 2 (April)
Pages: 83-113

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Handle: RePEc:bla:buecrs:v:40:y:1988:i:2:p:83-113

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378

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Cited by:
  1. 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.
  2. Takeuchi, Nobuyuki, 2010. "Industrialization and the role of government," MPRA Paper 26822, University Library of Munich, Germany.
  3. 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.
  4. 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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