… , is the recent work of Leibenstein, 8 carrying forward the program of creating … economic-demographic
theory of development. 9 As in the theory of growth for an advanced economy, the …

… process of development. This paper provides a dynamic model of the dual economy in
which the apparently inefficient allocation of labor across sectors is the result of optimizing …

The great disparity in degree of industrialization in developed and less developed countries …
of economic growth. In models of a developed economy the analysis is concentrated on the …

… in the transitional stage of economic development. Here, dual economy implies not only
unequal … of gains from trade between the developed and less developed economies, but also a …

… have taken the view of “social dualism.” It concludes that the concept of a dual economy should
… this point of view that the nature and direction of economic development in the context of …

… of dual economic development. … in economic development, but also move the focus of the
analysis from income effects of growth to price effects. While not denying the irreality of the yon …

… test the generality of the dual model. As Nelson (1968) did, we examine dualism only … the
manufacturing sector, and we define the modem sector as consisting of large-scale economic …

… only the features of the theory of development of a dual economy … One further aspect of the
theory which should be noted is the … Whatever the initial capital endowment of the advanced …

… development plans. A system dynamics model of a dual economic system incorporating both
the behavioral responses of the economic actors to competition and their ability to innovate …

… Last, we show that distributing the quotas unequally can start the development … dual economy
without credit markets and with resource externalities. The model setup is motivated by the …