The Experts below are selected from a list of 14352 Experts worldwide ranked by ideXlab platform
Bharati Basu - One of the best experts on this subject based on the ideXlab platform.
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Efficiency wages, agglomeration, and a developing Dual Economy
Annals of Regional Science, 2004Co-Authors: Bharati BasuAbstract:In analyzing the implications of rural-urban migration in the presence of efficiency wages and external economies of scale in the urban sector, this paper focuses on structural transformation of a developing Dual Economy. It compares the agglomeration effects in the urban sector under exogenous wage distortion with that under exogenous wage distortion and external economies of scale and also with the agglomeration under efficiency wages and external economies of scale. It shows that because of the employment enhancing effect of rural-urban migration with efficiency wages, the agglomeration economies are bigger with efficiency wages than with minimum wage distortion in the Harris-Todaro model. In exploiting the existing external economies of scale, this agglomeration reduces the sectoral wage differential, and changes the effects of factor accumulation and commodity price changes in a way that is different from the effects under migration with exogenous wage distortion.
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Another Look at Wage Distortion in a Developing Dual Economy
Australian Economic Papers, 2004Co-Authors: Bharati BasuAbstract:The paper focuses on an endogenous wage distortion in a developing Dual Economy where an efficiency wage in the urban sector triggers rural-urban migration. Because of the endogenous nature of the distortion, this migration reduces the severity of distortion by creating more jobs and reducing the actual wage differential between the sectors. These results are in sharp contrast to the outcomes of an exogenous wage distortion (minimum wage) where rural-urban migration increases the severity of unemployment and calls for costly policy mechanisms that might be either politically or economically difficult to implement. Furthermore, in contrast to the case of an exogenous distortion, interregional migration with endogenous wage distortion increases urban industrial output and structural transformation works its way into the development process. This structural transformation is maintained even when this Dual Economy engages in the production of non-traded goods. Although this paper does not engage in policy ranking to bring in zero unemployment equilibrium, it shows that it is possible to achieve socially desirable level of migration by influencing detection rate of shirking or disutility of work effort instead of using costly distributive parameters such as taxes and subsidies.
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rural urban migration urban unemployment and the structural transformation of a Dual Economy
Journal of International Trade & Economic Development, 2000Co-Authors: Bharati BasuAbstract:This paper restructures the Harris-Todaro model in such a way that rural-urban migration in the presence of urban unemployment brings in the structural transformation desired for a developing Dual Economy by expanding the industrial sector before any policy is introduced to cure the domestic factor market distortion. Furthermore, migration may also help to eliminate unemployment as well as the wage gap in the Economy. When international trade is introduced in this restructured Dual Economy, trade policies would have new implications; for example, unlike in the original Harris- Todaro structure, the import tariff may bring full employment and eliminate wage gaps between the sectors.
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Rural–urban migration, urban unemployment and the structural transformation of a Dual Economy
The Journal of International Trade & Economic Development, 2000Co-Authors: Bharati BasuAbstract:This paper restructures the Harris-Todaro model in such a way that rural-urban migration in the presence of urban unemployment brings in the structural transformation desired for a developing Dual Economy by expanding the industrial sector before any policy is introduced to cure the domestic factor market distortion. Furthermore, migration may also help to eliminate unemployment as well as the wage gap in the Economy. When international trade is introduced in this restructured Dual Economy, trade policies would have new implications; for example, unlike in the original Harris- Todaro structure, the import tariff may bring full employment and eliminate wage gaps between the sectors.
Rajneesh Narula - One of the best experts on this subject based on the ideXlab platform.
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The Viability of Sustained Growth by India’s MNEs: India’s Dual Economy and Constraints from Location Assets
Management International Review, 2015Co-Authors: Rajneesh NarulaAbstract:This paper considers the longer-term viability of the internationalization and success of Indian multinational enterprises (MNEs). We apply the ‘Dual Economy’ concept (Lewis, Manch Sch 22(2):139–191, 1954 ) to reconcile the contradictions of the typical emerging Economy, where a ‘modern’ knowledge-intensive Economy exists alongside a ‘traditional’ resource-intensive Economy. Each type of Economy generates firms with different types of ownership advantages, and hence different types of MNEs and internationalisation patterns. We also highlight the vulnerabilities of a growth-by-acquisitions approach. The potential for Indian MNEs to grow requires an understanding of India’s Dual Economy and the constraints from the home country’s location advantages, particularly those in its knowledge infrastructure.
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the viability of sustained growth by india s mnes india s Dual Economy and constraints from location assets
Management International Review, 2015Co-Authors: Rajneesh NarulaAbstract:This paper considers the longer-term viability of the internationalization and success of Indian multinational enterprises (MNEs). We apply the ‘Dual Economy’ concept (Lewis, Manch Sch 22(2):139–191, 1954) to reconcile the contradictions of the typical emerging Economy, where a ‘modern’ knowledge-intensive Economy exists alongside a ‘traditional’ resource-intensive Economy. Each type of Economy generates firms with different types of ownership advantages, and hence different types of MNEs and internationalisation patterns. We also highlight the vulnerabilities of a growth-by-acquisitions approach. The potential for Indian MNEs to grow requires an understanding of India’s Dual Economy and the constraints from the home country’s location advantages, particularly those in its knowledge infrastructure.
Jonathan R W Temple - One of the best experts on this subject based on the ideXlab platform.
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Dual Economy models a primer for growth economists
The Manchester School, 2005Co-Authors: Jonathan R W TempleAbstract:This paper argues that Dual Economy models deserve a central place in the analysis of growth in developing countries. The paper shows how these models can be used to analyse the output losses associated with factor misallocation, aggregate growth in the presence of factor market distortions, international differences in sectoral productivity and the potential role of increasing returns to scale. Above all, small-scale general equilibrium models can be used to investigate the interactions between growth and labour markets, to shed new light on the origins of pro-poor and labour-intensive growth, and to explore the role of the informal sector.
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growth and wage inequality in a Dual Economy
Bulletin of Economic Research, 2005Co-Authors: Jonathan R W TempleAbstract:Who benefits from economic growth? This paper analyses the distributional impact of different types of growth within a two-sector model. The paper first presents necessary and sufficient conditions for unambiguous changes in wage inequality in a Dual Economy, based on analysis of the entire Lorenz curve. These conditions are then applied to the Harris-Todaro model with an urban non-agricultural sector and rural agriculture. It is shown that capital accumulation or technical progress in agriculture can shift the Lorenz curve inwards and reduce wage inequality, while the effects of development in non-agriculture are typically ambiguous. Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2005.
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wage inequality in a Dual Economy
2002Co-Authors: Jonathan R W TempleAbstract:This paper presents necessary and sufficient conditions for unambiguous changes in wage inequality in a Dual Economy, based on analysis of the entire Lorenz curve. These conditions are then used to analyze the distributional consequences of various types of economic growth. In particular, it is shown that capital accumulation or technical progress in agriculture is likely to reduce wage inequality, but the effects of development in non-agriculture are typically ambiguous. The paper also discusses the implications of this analysis for the Kuznets curve.
Anandi P. Sahu - One of the best experts on this subject based on the ideXlab platform.
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Tax Policy and Human Capital Accumulation in a Resource Constrained Growing Dual Economy
Public Finance Review, 2016Co-Authors: Anandi P. SahuAbstract:This article examines the role tax policy can play in fostering human capital accumulation in a resource-constrained Dual Economy whose population is growing. The study shows how human capital accumulation, in turn, affects the intersectoral terms of trade and the economic growth process of such an Economy. The Dual Economy is assumed to consist of two sectors, agriculture and manufacturing. Production in agriculture requires unskilled labor, land, and capital, whereas production in the manufacturing sector requires skilled and unskilled labor and capital. Schooling facilities are limited, and access is rationed by the government. Moreover, schooling requires an investment of time. This article demonstrates the existence of a unique short-run equilibrium. It also demonstrates that the steady state equilibrium is unique and locally stable. Comparative steady state analysis suggests that a balanced budget increase in public investment in education (financed by a tax increase on capital income or incomes of skilled workers) alters the terms of trade between agriculture and manufacturing sectors and favorably affects the economic growth process.
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Tax Policy and Human Capital Accumulation in a Resource Constrained Growing Dual Economy
1996Co-Authors: Anandi P. SahuAbstract:This paper examines the role tax policy can play in fostering human capital accumulation in a resource constrained Dual Economy whose population is growing. The study shows how human capital accumulation, in turn affects the intersectoral terms of trade and the economic growth process of such an Economy. The Dual Economy is assumed to consist of two sectors, agriculture and manufacturing. Production in agriculture requires unskilled labor, land and capital whereas production in the manufacturing sector requires skilled and unskilled labor and capital. Schooling facilities are limited and access is rationed by the government. Moreover, schooling requires an investment of time. The paper demonstrates the existence of unique short run equilibrium. It also demonstrated that the steady state equilibrium is unique and locally stable. Comparative steady state analysis suggests that a balanced budget increase in public investment in education (financed by a tax increase on capital income and/or incomes of skilled workers), alters the terms trade between agriculture and manufacturing sectors and favorably affects the economic growth process.
Cai Si-ping - One of the best experts on this subject based on the ideXlab platform.
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FINANCIAL SUPPORT TO THE WESTERN REGIONAL Economy UNDER THE ECONOMIC STRUCTURE CONDITION OF THE GEOGRAPHY Dual-Economy
Economic Geography, 2007Co-Authors: Cai Si-pingAbstract:The one characteristic of China's Economy is: the geography Dual-Economy economic structure in the area between the western and eastern area. To improve “the geography Dual-Economy economic structure in the area" between the western and eastern of our country, a feasible method is: Studying utilizes finance to support, especially the financial support function of the medium and small financial institution in the west, accelerate the economic development of the western region.
