A general model of derived demand linkages in terms of technological interdependence of both the segments - modern and traditional- of a dual economy is developed. After defining two types of (complementary) demand linkages - induced and diffused, the economic states of those segments are...

Many of the less developed countries not only are internally segmented and differentiated by different socio-economic-technological environments, but also have different socioeconomic groups/classes. Contrary to the mainstream economists’ fiction of perfectly competitive markets...

Recently, the focus has been increasingly on the importance of endogenous time preference and its varying degrees of marginal impatience. Two types of marginal impatience can change the representative household's endogenous discount function: increasing (Koopmans-Uzawa type) and decreasing...

This paper examines the impact of intangible capital, including human capital and organisational capabilities on productivity, using India as an illustrative example. The research breaks new ground in creating measures of intangible capital at a micro level. Measures of tangible and intangible...

This paper investigates the existence of a long-run aggregate merchandise import demand function for Bangladesh during the period 1974 - 94. The cointegration and error correction modelling approaches have been applied. Empirical results suggest that there exists a unique long-run or equilibrium...