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Dualismus, struktureller Wandel und Wirtschaftswachstum in einem Niedrigeinkommensland

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  • Bender, Dieter

Abstract

This paper analyzes in a unified framework of a Lewis-Solow growth model the prospects for economic development of low income countries (LIC) as well as the possibility of being caught in a poverty trap and falling behind. By focussing on a technologically backward and stagnating LIC, it is demonstrated that this integrative approach could serve development economists as basic model and could bring an end to the separation of development economics from modern growth theory. The model shows how structural transformation works as an engine of growth. The "marriage" of two seminal models leads to the birth of a Kuznets-type curve of the rate of growth of per capita income and a proof of the possible existence of multiple steady-state equilibria with a poverty trap.

Suggested Citation

  • Bender, Dieter, 2009. "Dualismus, struktureller Wandel und Wirtschaftswachstum in einem Niedrigeinkommensland," IEE Working Papers 189, Ruhr University Bochum, Institute of Development Research and Development Policy (IEE).
    • Handle: RePEc:zbw:ieewps:189
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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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    Cited by:

    1. Elkhan Richard Sadik‐Zada, 2021. "Natural resources, technological progress, and economic modernization," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 381-404, February.
    2. Elkhan Richard Sadik-Zada, 2020. "Distributional Bargaining and the Speed of Structural Change in the Petroleum Exporting Labor Surplus Economies," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(1), pages 51-98, January.

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