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dc.contributor.authorValensisi, Giovannien
dc.date.accessioned2010-09-13T14:36:56Z-
dc.date.available2010-09-13T14:36:56Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Zürich 2008 |x45en
dc.subject.jelO11en
dc.subject.jelO14en
dc.subject.jelO41en
dc.subject.ddc330en
dc.subject.keyworddualismen
dc.subject.keywordindustrializationen
dc.subject.keywordpoverty trapsen
dc.subject.keywordKaldor-Verdoorn lawen
dc.subject.keywordEngel's effectsen
dc.titleDualism and the big push-
dc.typeConference Paperen
dc.identifier.ppn654120803en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec08:45en

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