Stagnation or transformation of a dual economy through endogenous productivity growth

Article Abstract:

The development of an open dual economy is modeled using a growth model. The dual economy under a wage-led or profit-led regime may either de-industrialize, enter into a growth trap, or sustain employment and adequate output and productivity growth.

Models, Influence, Industrial productivity, Productivity, Report

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Schumpeter, Hegel and the vision of development

Article Abstract:

The significance of visionary leadership for economic development, from the works of Joseph Schumpeter and Georg Wilhelm Friedrich Hegel, is examined.

Research and Development in the Social Sciences and Humanities, Economists, Analysis, Works, Cognition, Leadership, Hegel, Georg Wilhelm Friedrich, Schumpeter, Joseph Alois

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