Focusing on the interindustry aspect of the structural economic dynamics (SED) to yield a non-autarchic perspective to the vertically integrated sectors (VIS), we go a step further in establishing that productivity growth at the industry level is transmitted via inter and intra-sectoral...

In this paper the impact of investment specific technical progress on investment allocation is studied by using an extended version of the Feldman’s two sector model that takes into account embodied technical progress. The aim of the paper is to analyze the impact of investment specific...

A stylized fact of the labour market in developing countries is that it is highly segmented in informality. One of the main factors that induce workers and firms into informality is an excessive regulatory system that makes formal economy little attractive. This study aims to analyze the...

In this paper, the pure labor version of Pasinetti's model of structural change and economic dynamics is extended to consider international economic relations. The conditions for full employment, full expenditure of national income and trade balance equilibrium are established along with...