Technological Change and Dual Economies

Charles Cooper
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Charles Cooper: United Nations University, Institute for New Technologies

No 1995-10, UNU-INTECH Discussion Paper Series from United Nations University - INTECH

Abstract: This paper has two main purposes. First, it examines the way technological change has been treated in the analysis of labour surplus dual economies, concluding that technological dynamism actually 'matters' in the labour surplus phase of development. The discussion is based on Arthur Lewis's seminal paper and on the open economy formulation of the Lewis model by Fei and Ranis. Second, it explores how thinking about technological change in the context of a dual economy might have to be adapted when present day circumstances are taken into account. Thus, starting from the Schumpeterian ideas about interfirm competition, the paper focuses on the implications of generic technological change, path dependence and endogenous technological change.

Keywords: Technological change; economic development; labour surplus (search for similar items in EconPapers)
Date: 1995
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