Some Problems in the Analysis of the Dual Economy

Stephen Lewis, Jr.
Additional contact information
Stephen Lewis, Jr.: Institute of Development Economics, Karachi.

The Pakistan Development Review, 1963, vol. 3, issue 4, 527-546

Abstract: There is a good deal of confusion in the literature on the dual economy stemming from i) the frequent failure to specify assumptions made about the level and characteristics of unemployment and underemployment, and ii) the difficulties of building institutional rigidities into neoclassical allocation-models without producing results which are indeterminate or lacking in generality. This paper sets out some of the major assumptions made in various discussions of the dual economy, examines the effects of these assumptions on production and factor-use decisions in each sector and on the product-transformation locus for the economy, and suggests some related problems of policy analysis in the dual economy

Date: 1963
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/1963/Volume4/527-546.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:3:y:1963:i:4:p:527-546

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().