Growth and development with dual labor markets

被引：10

作者：

Villamil, Anne ^{[1
]}

Wang, Xiaobing ^{[2
]}

Zou, Yuxiang ^{[3
]}

机构：

[1] Univ Iowa, Dept Econ, Iowa City, IA 52242 USA

[2] Univ Manchester, Dept Econ, Manchester, Lancs, England

[3] Hubei Univ Econ, Sch Econ & Trade, Wuhan, Peoples R China

来源：

MANCHESTER SCHOOL | 2020年 / 88卷 / 06期

关键词：

economic growth; dual economy; open economy; structural change; surplus labour; LEWIS MODEL; MONOPOLISTIC COMPETITION; MALTHUSIAN STAGNATION; SURPLUS LABOR; CHINA; ENDOWMENT; INCOME;

D O I：

10.1111/manc.12341

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper develops a formal growth model in an open economy environment that captures dual labour market characteristics. The mechanism involves economic growth driven by capital accumulation in a country with a Lewisian labour market leading to increasing labour participation at a near constant wage. The model shows that surplus labour plays a critical role in explaining different economic growth paths and structural changes in both developing and developed countries.

引用

页码：801 / 826

页数：26

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