Journal article
Growth and development with dual labor markets
The Manchester school, Vol.88(6), pp.801-826
12/2020
DOI: 10.1111/manc.12341
Abstract
This paper develops a formal growth model in an open economy environment that captures dual labour market characteristics. The mechanism involves economic growth driven by capital accumulation in a country with a Lewisian labour market leading to increasing labour participation at a near constant wage. The model shows that surplus labour plays a critical role in explaining different economic growth paths and structural changes in both developing and developed countries.
Details
- Title: Subtitle
- Growth and development with dual labor markets
- Creators
- Anne Villamil - University of IowaXiaobing Wang - University of ManchesterYuxiang Zou - Hubei University
- Resource Type
- Journal article
- Publication Details
- The Manchester school, Vol.88(6), pp.801-826
- DOI
- 10.1111/manc.12341
- ISSN
- 1463-6786
- eISSN
- 1467-9957
- Number of pages
- 26
- Language
- English
- Date published
- 12/2020
- Academic Unit
- Economics
- Record Identifier
- 9984380529902771
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