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Economic Growth and Development

A Dynamic Dual Economy Approach

Sibabrata Das, Alex Mourmouras, Peter C. Rangazas (Autoren)

Buch | Hardcover

X, 272 Seiten

2015 | 2015
Springer International Publishing (Verlag)
978-3-319-14264-7 (ISBN)

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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.

Overview.- Part I. Introduction to Economic Growth.- Neoclassical Growth Theory.- Extensions to Neoclassical Growth Theory.- Two Sector.- Growth Models.- Part II. Dual Economies.- Wage and Fertility Gaps in Dual Economies.- Physical Capital in Dual Economies.- A Complete Dual.- Economy.- Urbanization.- Conclusion.

"This textbook summarizes several decades of research on macroeconomics of development - or, at least, a large part of it. ... Detailed exposition, questions for review and end-of-chapter exercises, and an extensive bibliography make this textbook an excellent learning and reference source for those working or aspiring to work in these institutions or for the national governments and think tanks." (Nigar Hashimzade, Mathematical Reviews, June, 2017)

“This textbook summarizes several decades of research on macroeconomics of development – or, at least, a large part of it. … Detailed exposition, questions for review and end-of-chapter exercises, and an extensive bibliography make this textbook an excellent learning and reference source for those working or aspiring to work in these institutions or for the national governments and think tanks.” (Nigar Hashimzade, Mathematical Reviews, June, 2017)

Erscheint lt. Verlag	23.1.2015
Reihe/Serie	Springer Texts in Business and Economics
Zusatzinfo	X, 272 p. 16 illus., 8 illus. in color.
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Gewicht	590 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
Schlagworte	dual economy • dynamic • Economic Development • Growth Theory • two-sector model
ISBN-10	3-319-14264-X / 331914264X
ISBN-13	978-3-319-14264-7 / 9783319142647
Zustand	Neuware