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Friday, May 8, 2020 | History

2 edition of Income distribution and growth in a dual economy found in the catalog.

Income distribution and growth in a dual economy

Arne Bigsten

Income distribution and growth in a dual economy

Kenya, 1914-1976

by Arne Bigsten

  • 230 Want to read
  • 35 Currently reading

Published by Gothenburg University, Dept. of Economics in [Gothenburg] .
Written in English

    Places:
  • Kenya,
  • Kenya.
    • Subjects:
    • Income distribution -- Kenya.,
    • Dual economy -- Kenya.,
    • Kenya -- Economic policy.,
    • Kenya -- Economic conditions -- 1963-

    • Edition Notes

      Includes bibliographical references (p. 231-236).

      StatementArne Bigsten.
      SeriesMemorandum ;, nr 101, Memorandum (Göteborgs universitet. Nationalekonomiska institutionen) ;, nr. 101.
      Classifications
      LC ClassificationsHC865.Z9 I513 1987
      The Physical Object
      Paginationi, 236 p. :
      Number of Pages236
      ID Numbers
      Open LibraryOL2458713M
      LC Control Number87163073

      Get this from a library! Development and income distribution in a dual economy: a dynamic simulation model for Zambia. [Charles R Blitzer].   A brief but important discussion of the distributive effects of the dual economy is in Kuznets, Simon, “ Quantitative Aspects of the Economic Growth of Nations: VIII. Distribution of Income by Size,” Economic Development and Cultural Change, XI (January ), 45 – 58 ; compare Myrdal, Gunnar, Economic Theory and the Under-developed Cited by:

      Charged with analysing and criticising the way economies develop and grow, development economists play a vital role in attempting to reduce inequality across the world. The fourth edition of this classic textbook introduces students to this vital field. All of the popular aspects of earlier editions are retained with new additions such as the introduction of endogenous growth theory.1/5(2). Keywords: capital accumulation, dual economy, income distribution, industrialization, labour supply, labour transfer, Lewis model, productivity, two‐sector growth models Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service.

      ADVERTISEMENTS: In this article we will discuss about the relation among poverty, inequality and economic growth. Most LDCs experience growing inequality in income distribution with a majority of people remaining in poverty while a small elite captures a disproportionate share of gains from eco­nomic growth. Poverty and inequality imply absence of social justice. Moreover, growing [ ]. Similar to unified growth models (see Galor for a complete review) that explain the coincident changes in fertility, education, and income, the model presented here shows how the dual economy is embedded within the process of long-run by:


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Income distribution and growth in a dual economy by Arne Bigsten Download PDF EPUB FB2

Growing income inequality is threatening the American middle class, and the middle class is vanishing before our eyes. We are still one country, but the stretch of incomes is fraying the unity of our nation.

That is from the first paragraph of my book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy. Pervasive credit constraints have been seen as major sources of slow growth in developing economies. This paper clarifies a mechanism through which an inefficient financial system can reduce productivity growth.

Using a two-sector model, second, we examine the implications for employment and the distribution of by: 1. obvious. The income distribution favours the saving class, that is for Lewis, the capitalist class, in order to facilitate rapid economic growth.

This is attainable by keeping the wage in the subsistence and the capitalist sector constant. This will lead us into a further consideration of. In a dual economy, economic growth does not require productivity growth in the modern sector.

The presence of underutilized resources in the informal sector, implies that fast growth in per capita income can be achieved by mobilizing these resources: average incomes go up if the accumulation of capital makes previously underemployed workers move into the formal by: 1.

Pervasive credit constraints have been seen as major sources of slow growth in developing economies. This paper clarifies a mechanism through which an inefficient financial system can reduce productivity growth. Using a two-sector model, second, we examine the implications for employment and the distribution of income.

Both classical and Keynesian versions of the model are considered; saving Cited by: 1. Dual economy Income distribution Factor markets TFP This paper brings together development accounting techniques and the dual economy model to address the role that factor markets have in creating variation in aggregate total factor productivity (TFP).

DevelopmentFile Size: KB. Economic growth, income distribution and poverty A pro-poor g rowth strategy does not have to only focus on economic g rowth, but could also be combined with an active policy of income redistribution. by rising incomes. And the growth of high incomes has been the stuff of recent political discussions as fund-raising looms ever more important in American politics.

I argue here that the disparity between the two lines of Figures 1 and 2 has increased to the point where we should think of a dual economy in the United States. The upper sectorCited by: 4.

energy prices - economic growth has averaged percent per year since Trinidad and Tobago has the features of a ‘dual economy’ and this ‘duality’ feature raises questions regarding the sustainability of the current growth rate and the possible present and future binding constraints to growth.

Developing countries which concentrated on just agriculture were doomed to low savings, low productivity and low growth. Another issue with a dual economy was that there is a potential problem from concentrating on agriculture exports. Agricultural goods tend to have a low-income elasticity of demand and are price inelastic.

Development and Income Distribution in a Dual Economy: A Dynamic Simulation Model for Zambia SWP World Bank Staff Working Paper No. August The views and interpretations in this document are those of the authors and should not be attributed to the World Bank, to its affiliated organizations, or to any individual acting in their Size: 1MB.

This paper relates growth and income distribution in the development of a dual economy. Its originality lies in the fact that the analysis of income inequality uses the whole Lorenz curve instead of some summary measures, and that the dual economy is represented through a fully-specified general equilibrium model.

Miyazawa K. () The Dual Structure of the Japanese Economy and Its Growth Pattern. In: Input-Output Analysis and the Structure of Income Distribution. Lecture Notes in Economics and Mathematical Systems (Mathematical Economics), vol Cited by: 3. Development and income distribution in a dual economy: a dynamic simulation model for Zambia (English) Abstract.

This paper discusses medium-term development prospects for Zambia. The analysis is carried out in terms of a modified dual economy model, suitably modified to capture a number of key aspects of the Zambian Economy. According to Lombardo (), dual economy models deserve a powerful role in explaining the connections, if any, between growth, income or wealth distribution and the Author: Jonathan Temple.

Economic Growth with Income and Wealth Distribution by W. Zhang (Author) out of 5 stars 1 rating. ISBN ISBN Why is ISBN important. ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book.

Cited by: 1. Growth, Income Distribution, and Poverty: A Review. Dealing with Poverty and Income Distribution Issues in Developing Countries: Cross-regional Experiences’, Sector Growth and the Dual Economy Model: Evidence from Côte d’Ivoire, Ghana and Zimbabwe’, World Bank Policy Research Working Paper No, World Bank: Author: Arne Bigsten and Jorgen Levin.

Bardhan PK() A model of growth in a dual agrarian economy. In: Bhagwati G,Eckus R (eds) Development and planning: essays in honor of PaulRosenstein-Roden. George Allen and Unwin Ltd, NewYork Google Scholar. This collection of six essays in economic theory represents a major contribution to the field.

The first contains the formulation of the Ricardian system, whilst the next two contain, respectively, the author's synthetic treatment of the complex problems of fluctuations and economic growth, and his well-known theorem that in the long run the rate of profit and income distribution are Cited by: Prejudice and Power in a Dual Economy Temin__indd 3 12/21/ PM.

PRPERT F THE MIT PRESS FR PRFREADIN, INDEIN, AND PRMTINAL PURPSES NLY the middle of the American income distribution, and the country is divid-ing into rich and poor.

Our income distribution has changed from look- recent economic growth has resulted in File Size: KB. Income distribution is extremely important for development, since it influences the cohesion of society, determines the extent of poverty for any given average per capita income and the poverty-reducing effects of growth, and even affects people's health.

The paper reviews the connections between income distribution and economic growth.Building on a dual-economy framework, it will link structural transformation to income growth across distribution networks.

It will also focus on how structural transformation affects income growth at different stages of income distribution.As Temple () noted in his overview of the dual economy and growth, what is missing is an analysis of how dualism arises and evolves within the process of development.

This paper provides a dynamic model of the dual economy in which the ine–cient allocation of labor across sectors is the result of optimizing behavior by individuals.