A Complete Dual Economy

Sibabrata Das (sdas@imf.org), Alex Mourmouras (amourmouras@imf.org) and Peter Rangazas
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Sibabrata Das: International Monetary Fund
Alex Mourmouras: International Monetary Fund

Chapter Chapter 7 in Economic Growth and Development, 2015, pp 199-230 from Springer

Abstract: Abstract In this chapter we combine the main features introduced in previous chapters into a complete dual economyDual economy model. The model includes physical and human capital, fertility, wage gaps, and technological change. We then examine the ability of the model to replicate key features of the economic growth observed in real-world economies.

Keywords: Human Capital; Labor Supply; Family Production; Human Capital Accumulation; Residual Income (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-14265-4_7

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