Physical Capital in Dual Economies

  • Sibabrata Das
  • Alex Mourmouras
  • Peter C. RangazasEmail author
Part of the Springer Texts in Business and Economics book series (STBE)


In this chapter, we shift attention to industrialization and economic growth in dual economies. We focus again on the consequence of missing land markets , a common characteristic of developing economies that was documented in the previous chapter. Here, we examine the connections between land ownership, saving, and physical capital formation.


Migrant Worker Physical Capital Relative Price Land Rent Residual Income 
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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  • Sibabrata Das
    • 1
  • Alex Mourmouras
    • 2
  • Peter C. Rangazas
    • 3
    Email author
  1. 1.International Monetary FundWashingtonUSA
  2. 2.Asia and Pacific DepartmentInternational Monetary FundWashingtonUSA
  3. 3.Indiana University-Purdue University Indianapolis (IUPUI)IndianapolisUSA

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