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dc.contributor.authorValensisi, Giovannien_US
dc.date.accessioned2010-09-13T14:36:56Z-
dc.date.available2010-09-13T14:36:56Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/39871-
dc.description.abstractWe develop a two-sector model with specific factors, in which agriculture is subject to diminishing returns and market-clearing wages, while increasing returns and efficiency wages prevail in industry. The asymmetric interaction of the two sectors, jointly with the dualistic structure of the labor market, is such that the model may display multiple equilibra and a low-development trap under plausible parametrization. Additionally, parametric increases of sectoral TFP may reduce the basin of attraction of the low-equilibrium and increase the steady state level of capital stock (and wages) for the stable equilibrium of full industrialization.en_US
dc.language.isoeng-
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Zürich 2008 45en_US
dc.subject.jelO11en_US
dc.subject.jelO14en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keyworddualismen_US
dc.subject.keywordindustrializationen_US
dc.subject.keywordpoverty trapsen_US
dc.subject.keywordKaldor-Verdoorn lawen_US
dc.subject.keywordEngel's effectsen_US
dc.titleDualism and the big pushen_US
dc.typeConference Paperen_US
dc.identifier.ppn654120803-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec08:45-
Appears in Collections:Proceedings of the German Development Economics Conference, 2008 (Zürich)

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