A growth model is developed for an open dual economy. The economy expands due to a higher growth rate of labour productivity in the modern sector through the Ka

Using state of the art mathematical techniques this book provides a complete characterization of the Uzawa-Lucas growth model. In his path-breaking contribution

Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. This book is an

By 'economic growth' economists mean, in the first place, annual increases in the nation's total output of goods and services - its national product. Economic g

The growth process in a two-sector model of capital accumulation and the stability problem of balanced growth equilibria under the neoclassical hypotheses was i