Economic Growth and Development A Dynamic Dual Economy Approach
This textbook is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions
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Sibabrata Das Alex Mourmouras Peter Rangazas
Economic Growth and Development A Dynamic Dual Economy Approach Second Edition
Springer Texts in Business and Economics
Springer Texts in Business and Economics (STBE) delivers high-quality instructional content for undergraduates and graduates in all areas of Business/Management Science and Economics. The series is comprised of self-contained books with a broad and comprehensive coverage that are suitable for class as well as for individual self-study. All texts are authored by established experts in their fields and offer a solid methodological background, often accompanied by problems and exercises.
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Sibabrata Das • Alex Mourmouras Peter Rangazas
Economic Growth and Development A Dynamic Dual Economy Approach Second Edition
Sibabrata Das Strategy, Policy & Review Department International Monetary Fund Washington, DC, USA
Alex Mourmouras International Monetary Fund Washington, DC, USA
Peter Rangazas Department of Economics Indiana University-Purdue University Indianapolis, IN, USA
ISSN 2192-4333 ISSN 2192-4341 (electronic) Springer Texts in Business and Economics ISBN 978-3-319-89754-7 ISBN 978-3-319-89755-4 (eBook) https://doi.org/10.1007/978-3-319-89755-4 Library of Congress Control Number: 2018944452 # Springer International Publishing AG, part of Springer Nature 2015, 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by the registered company Springer International Publishing AG part of Springer Nature. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
The second edition improves on the first edition in the usual ways: correcting errors, making the notation more consistent, updating studies, and rewriting the rough passages. Lar
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