IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-319-14265-4_4.html
   My bibliography  Save this book chapter

Two-sector Growth Models

In: Economic Growth and Development

Author

Listed:
  • Sibabrata Das

    (International Monetary Fund)

  • Alex Mourmouras

    (International Monetary Fund)

  • Peter C. Rangazas

    (Indiana University-Purdue University Indianapolis (IUPUI))

Abstract

This section provides an introduction to two-sector growth models. We begin with a model where a single good is produced using traditional means of production. In the traditional sectorTraditional sector , production is carried out by householdsPreferences households using land (natural resources) and labor. There are no firms or factories that rely on heavy plant and equipment and modern production methods to produce goods. This setting can be used to identify the conditions necessary for a modern sectorModern sector to appear that would begin an “industrial revolution,” as in Hansen and Prescott (2002).

Suggested Citation

  • Sibabrata Das & Alex Mourmouras & Peter C. Rangazas, 2015. "Two-sector Growth Models," Springer Texts in Business and Economics, in: Economic Growth and Development, edition 127, chapter 0, pages 91-120, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-14265-4_4
    DOI: 10.1007/978-3-319-14265-4_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-319-14265-4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.