A Complete Dual Economy

2015 ◽  
pp. 199-230
Author(s):  
Sibabrata Das ◽  
Alex Mourmouras ◽  
Peter C. Rangazas
Keyword(s):  
Dual Economy

The export world champion

2018 ◽  
Author(s):  
Marcel Fratzscher
Keyword(s):  
International Competitiveness ◽  
Significant Part ◽  
Dual Economy ◽  
Crucial Component ◽  
World Champion

Germany’s international competitiveness, a significant part of which is due to its boom in exports, has been a crucial component in the transformation of Germany from the sick man of Europe to the continent’s apparent economic superstar. However, despite this remarkable success, it would be a mistake to ignore the fact that Germany has a dual economy, one wherein the services sectors have had and continue to have major problems, the most significant of which being that productivity, investment, and wages remain low. The present chapter discusses Germany’s dual economy and the flip side of Germany’s success as an exporter.

Structural Transformation and Inclusive Growth

2018 ◽  
Author(s):  
Andy Sumner
Keyword(s):  
Economic Development ◽  
Structural Transformation ◽  
Inclusive Growth ◽  
Late Capitalism ◽  
Economy Model ◽  
Dual Economy ◽  
Heuristic Device ◽  
The Relationship

This chapter sets out some conceptual points of departure for the book in terms of structural transformation and inclusive growth. It revisits the Lewis model of economic development and proposes it as a heuristic device to connect structural transformation and inclusive growth. The chapter argues first, that both structural transformation and inclusive growth have tended to be defined in a reductionist sense, in a way that disconnects the two concepts. It is contended that this matters because the relationship between structural transformation and inclusive growth is embedded in—rather than separated from—the modality of late capitalism pursued. Second, that the work of pioneering development economist, W. Arthur Lewis and the Lewis dual economy model provides a useful heuristic device for thinking about the relationship between structural transformation and inclusive growth.

On the Efficiency Price of Capital in a Dual Economy

1974 ◽  
Vol 88 (4) ◽  
pp. 574 ◽  
Author(s):  
Alan S. Manne
Keyword(s):  
Dual Economy

Skilled-unskilled wage inequality and structural transformation in a dual economy

2018 ◽  
Vol 53 (1-2) ◽  
pp. 311-332
Author(s):  
Manash Ranjan Gupta ◽  
Priya Brata Dutta
Keyword(s):  
Structural Transformation ◽  
Wage Inequality ◽  
Dual Economy

scholarly journals Technological Progress, Globalization, and Secular Stagnation

2018 ◽  
Vol 7 (1) ◽  
pp. 59-100 ◽  
Author(s):  
Milenko Popović
Keyword(s):  
World Economy ◽  
Aggregate Demand ◽  
Careful Analysis ◽  
Developed Countries ◽  
Supply Side ◽  
Critical Survey ◽  
Technological Advancement ◽  
Secular Stagnation ◽  
Dual Economy ◽  
The Usa

AbstractAfter the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics in developed economies, the USA and the EU. Explanations of this phenomenon can be divided into two large groups: explanations that belong to the demand side and those that belong to the supply side. The aim of this paper is to give a critical survey of the most important explanations for the ongoing growth stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be explained by looking at both, the demand and supply sides of the explanation, and particularly by taking a closer look at the interaction between aggregate demand and aggregate supply. In other words, secular stagnation manifests itself as a problem of the limitation of long run growth of aggregate demand. However, in order to explain the causes of those demand limitations, we have to undertake a careful analysis of the supply side dynamics, especially the dynamics of innovations, which bring us to circular and cumulative causation. In order to explain the numerous consequences of this stagnation and to solve some important puzzles, like the productivity paradox for example, a special emphasis is given to the analysis of deindustrialization and the consequent strange reoccurrence of a dual economy within most developed countries during the period of the IT revolution and hyper-globalization. It will also be shown that this new dual economy presents serious limitations for further technological advancement and economic development, quite contrary to the old dualism which contributed to an acceleration of economic growth.

scholarly journals Workers' Market Behavior and the Dual Economy

1980 ◽  
Vol 31 (1) ◽  
pp. 85-93
Author(s):  
Satoko Watanabe
Keyword(s):  
Market Behavior ◽  
Dual Economy
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