Dual economy models: a primer for growth economists

Jonathan Temple

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: This paper argues that dual economy models deserve a central place in the analysis of growth in developing countries. The paper shows how these models can be used to analyze the output losses associated with factor mis-allocation, aggregate growth in the presence of factor market distortions, international differences in sectoral productivity, and the potential role of increasing returns to scale. Above all, small-scale general equilibrium models can be used to investigate the interactions between growth and labour markets, to shed new light on the origins of pro-poor and labour-intensive growth, and to explore the role of the informal sector.

Keywords: dual economies; factor market distortions; wage differentials; informal sector. (search for similar items in EconPapers)
JEL-codes: J40 O10 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2005-06
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Citations: View citations in EconPapers (202)

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Journal Article: DUAL ECONOMY MODELS: A PRIMER FOR GROWTH ECONOMISTS (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:05/574

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