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Characteristics of the Dual Model among the OECD Countries

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  • Andrea S. Gubik

    ()
    (University of Miskolc)

  • Zoltán Bartha

    ()
    (Univrsity of Miskolc)

Abstract

Deciding on the development path of the economy has been a delicate question in economic policy, not least because of the trade-off effects which immediately worsen certain economic indicators as steps are taken to improve on others. The paper offers help to decide on such policy dilemmas, based on an analysis conducted among OECD countries with the FOI model (focusing on the future, outside and inside potentials). Several development models can be deduced with this method, from which only the dual model is discussed in detail. The dual model implies a development strategy focused on the attraction of outside resources, the instruments of which are also presented. The findings presented in the paper are part of a large OTKA (Hungarian Scientific Research Fund) study, which develops step by the step the methodology of the FOI model and discusses all of the development models found among OECD countries.

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Bibliographic Info

Article provided by Faculty of Economics, University of Miskolc in its journal Theory Methodology Practice (TMP).

Volume (Year): 9 (2013)
Issue (Month): 02 ()
Pages: 3-14

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Handle: RePEc:mic:tmpjrn:v:9:y:2013:i:02:p:3-14

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Web page: http://www.gtk.uni-miskolc.hu/
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Keywords: development models; FOI model; dual model;

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  1. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
  2. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  3. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
  4. Bartha, Zoltán & Sáfrányné Gubik, Andrea & Tóthné Szita, Klára, 2013. "Intézményi megoldások, fejlődési modellek
    [Institutional solutions, development models]
    ," MPRA Paper 50901, University Library of Munich, Germany.
  5. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
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