The dual sector model of economic development: A comparative analysis of Moldova and Romania

Type Journal Article - Indian Journal of Economics and Business
Title The dual sector model of economic development: A comparative analysis of Moldova and Romania
Author(s)
Volume 11
Issue 1
Publication (Day/Month/Year) 2012
Page numbers 107-120
URL http://serialsjournals.com/serialjournalmanager/pdf/1343199137.pdf
Abstract
This paper examines W. Arthur Lewis’s Dual Sector Model of Development. Lewis, a
founder of Development Economics, has been one of its most significant contributors.
This paper applies the Dual Sector Model to Moldova and Romania and explores the
economic growth occurring in each country. Considerations are made for each country’s
unique situation, and observations not accounted for in the original Model are
acknowledged. Lewis’s Dual Sector Model can be successfully applied to both Moldova
and Romania, although each one is at a different stage economically, and certain
modifications need to be madeconcerning the situation of contemporary developing
countries.

Related studies

»