کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7391487 | 1481109 | 2018 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Toward an Understanding of Economic Growth in Africa: A Reinterpretation of the Lewis Model
ترجمه فارسی عنوان
به درک رشد اقتصادی در آفریقا: تعمیم تفسیر مدل لوئیس
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کلمات کلیدی
مدل اقتصاد دوگانه، رشد آفریقا، تغییر ساختار بیماری هلندی، رواندا،
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
We develop a model economy that has many of the features of Lewis (1954) but that also includes an in-between sector as described by Lewis (1979). Our model underscores the importance of the following determinants of structural change: (i) productivity growth in the agricultural sector; (ii) productivity growth in the nonagricultural sector and; (iii) the terms of trade. Public investment enhances productivity growth in all sectors but when it is financed by foreign inflows, it also causes a real exchange rate appreciation leading to a contraction in the open modern sector. These results provide a partial explanation for recent patterns of growth in Rwanda and elsewhere in Africa where the nontradables or what we call the in-between sector has expanded more rapidly than the tradable sector. Our results also highlight the dilemma faced by poor countries in dire need of public investment with a very limited tax base.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 109, September 2018, Pages 511-522
Journal: World Development - Volume 109, September 2018, Pages 511-522
نویسندگان
Xinshen Diao, Margaret McMillan,