Narayan Nag, Ranjanendra; Goswami, Bhaskar - In: Journal of Economic Integration 20 (2005), pp. 497-513
The objective of the paper is to examine macroeconomic developments of labour surplus economy in terms of a dual economy framework. We attempt to build up a two sector, dependent economy model, which is open to trade flows. We focus on specific forms of openness that a labour surplus economy is...