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Economic Growth and Development

A Dynamic Dual Economy Approach

  • Sibabrata Das
  • Alex Mourmouras
  • Peter C. Rangazas

Part of the Springer Texts in Business and Economics book series (STBE)

Table of contents

  1. Front Matter
    Pages i-x
  2. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
    Pages 1-8
  3. Introduction to Economic Growth

    1. Front Matter
      Pages 9-9
    2. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 11-50
    3. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 51-89
    4. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 91-120
  4. Dual Economies

    1. Front Matter
      Pages 121-121
    2. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 123-160
    3. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 161-197
    4. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 199-230
    5. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 231-260
    6. Sibabrata Das, Alex Mourmouras, Peter C. Rangazas
      Pages 261-267
  5. Back Matter
    Pages 269-272

About this book

Introduction

Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. This book is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. With its single model and focus on data and policy analysis, this text is intended for beginning graduate students and policy makers interested in economic development.

Keywords

dual economy dynamic economic development growth theory two-sector model

Authors and affiliations

  • Sibabrata Das
    • 1
  • Alex Mourmouras
    • 2
  • Peter C. Rangazas
    • 3
  1. 1.International Monetary FundWashington, DCUSA
  2. 2.Asia and Pacific Department Room HQ1-3-120GInternational Monetary Fund Chief, D5 DivisionWashington, DCUSA
  3. 3.Office: CA 518Indiana University Purdue University Indianapolis: IUPUIIndianapolis, INUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-14265-4
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-14264-7
  • Online ISBN 978-3-319-14265-4
  • Series Print ISSN 2192-4333
  • Series Online ISSN 2192-4341
  • Buy this book on publisher's site
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