The determinants of economic growth and development are hotly debated among economists. Financial crises and failed transition experiments have highlighted the fact that functioning institutions are fundamental to the goal of achieving economic growth. The growth literature has seen an abundance...

Overview -- Part I. Introduction to Economic Growth -- Neoclassical Growth Theory -- Extensions to Neoclassical Growth Theory -- Two Sector -- Growth Models -- Part II. Dual Economies -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual -- Economy...

Warum sind in der jüngeren Vergangenheit keine Konvergenzprozesse der wirtschaftlichen Verhältnisse zwischen Regionen in Ländern wie Italien oder Deutschland mehr festzustellen? Seit Jahren kann zwischen Nord- und Süd-italien bzw. West- und Ostdeutschland keine signifikante Annäherung mehr...

This paper examines the extent to which developing countries benefit from intersectoral factor transfers by specifying the impact and determinants of sectoral changes and of the degree of dualism (or allocation inefficiency) in a dual economy model. Conditions under which factor reallocation is...