Economic growth and development [electronic resource] : a dynamic dual economy approach / Sibabrata Das, Alex Mourmouras, Peter C. Rangazas.

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Economic growth and development [electronic resource] : a dynamic dual economy approach / Sibabrata Das, Alex Mourmouras, Peter C. Rangazas.

9783319142654 electronic book
3319142658 electronic book
9783319142647

Cham : Springer, 2015.

English

1 online resource (x, 272 pages) : illustrations (some color).

10.1007/978-3-319-14265-4 doi

HD82

338.9

Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. This book is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. With its single model and focus on data and policy analysis, this text is intended for beginning graduate students and policy makers interested in economic development.

Incldues bibliographical references and index.

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Online resource; title from PDF title page (SpringerLink, viewed January 30, 2015).

Springer texts in business and economics.

Print version: 9783319142647

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