Titlebook: Economic Growth and Development; A Dynamic Dual Econo Sibabrata Das,Alex Mourmouras,Peter Rangazas Textbook 20182nd edition Springer Nature

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Physical Capital in Dual EconomiesIn this chapter we shift attention to industrialization and economic growth in dual economies. We focus again on the consequence of missing land markets, a common characteristic of developing economies that was documented in the previous chapter. Here we examine the connections between land ownership, saving, and physical capital formation.

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ConclusionIn this chapter we summarize some of the main points we have learned about development and their related policy implications. The points are organized into those related to the . and those related to the . once it begins. We also discuss policy implications and topics for future research.

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https://doi.org/10.1007/978-3-031-70559-5man capital, and policy formation. The analysis is then extended to include two sectors of production. We study the structural transformation of developing economies as they shift from traditional production in largely rural areas to modern production in largely urban areas during the early take-off

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Didecyldimethylammonium Chloride,ry’s infrastructure or .—laws, roads, education, public health, and utilities—that secure property rights and raise the productivity of private capital. Growth in public capital keeps the marginal return to private capital from falling dramatically during industrialization, helping to explain .. The

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Create an Expanding Text View UI Object,nd taxation from Chap. ., and fertility and schooling from Chap. .. The features are combined to study large income differences across rich and poor countries, what is known as .. At the dawn of the Industrial Revolution, the differences in per capita income across countries were relatively modest.

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Hafiz Ahmed,Snigdha Singh,Amit Alexanderoduction. In the . sector, production is carried out by households using land (natural resources) and labor. There are no firms or factories that rely on heavy plant and equipment and modern production methods to produce goods. This setting can be used to identify the conditions necessary for a . se