The cross-country growth literature commonly uses aggregate economy datasets such as the Penn World Table (PWT) to estimate homogeneous production function or convergence regression models. Against the background of a dual economy framework this paper investigates the potential bias arising when...

"Understanding why so many people across the world are so poor is one of the central intellectual challenges of our time. What explains a pattern of extreme destitution for billions combined with plutocratic levels of income for a tiny minority? This book offers a novel approach to addressing...