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Economic Growth and Development

A Dynamic Dual Economy Approach

  • Sibabrata Das
  • Alex Mourmouras
  • Peter 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 Rangazas
    Pages 1-11
  3. One-Sector Growth Models

    1. Front Matter
      Pages 13-13
    2. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 15-57
    3. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 59-91
    4. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 93-124
    5. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 125-158
  4. Two-Sector and Dual Economies

    1. Front Matter
      Pages 159-159
    2. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 161-190
    3. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 191-227
    4. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 229-266
    5. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 267-300
    6. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 301-331
    7. Sibabrata Das, Alex Mourmouras, Peter Rangazas
      Pages 333-338
  5. Back Matter
    Pages 339-356

About this book

Introduction

This textbook is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. 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. Revised and updated to include more exercises for guided self study, as well as a technical appendix covering required mathematical topics beyond calculus, the second edition is appropriate for both upper undergraduate and graduate students studying development economics and macroeconomics.

Keywords

dual economy dynamic economic development growth theory two-sector model

Authors and affiliations

  • Sibabrata Das
    • 1
  • Alex Mourmouras
    • 2
  • Peter Rangazas
    • 3
  1. 1.Strategy, Policy & Review DepartmentInternational Monetary FundWashington, DCUSA
  2. 2.International Monetary FundWashington, DCUSA
  3. 3.Department of EconomicsIndiana University-Purdue UniversityIndianapolisUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-89755-4
  • Copyright Information Springer International Publishing AG, part of Springer Nature 2018
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-89754-7
  • Online ISBN 978-3-319-89755-4
  • Series Print ISSN 2192-4333
  • Series Online ISSN 2192-4341
  • Buy this book on publisher's site