This paper brings together development accounting techniques and the dual economy model to address the role that factor markets have in creating variation in aggregate total factor productivity (TFP). Development accounting research has shown that much of the variation in income across countries...

This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. Applying inequality indices and Fields' (2001) decomposition methodology to Bolivian household survey data of the years 1989 to 1997, we identify recent trends...

Pervasive credit constraints have been seen as major sources of slow growth in developing economies. This paper clarifies a mechanism through which an inefficient financial system can reduce productivity growth. Using a two-sector model, second, we examine the implications for employment and the...

Soziale Integration ist der Schlüssel für nachhaltige Entwicklung! Im Mittelpunkt steht die Frage nach dem Gegensatz von Wachstums- und Verteilungszielen. Die theoretische Analyse betont die Rolle kultureller Diffusion. Die neue Antwort ist von großer wirtschaftspolitischer Relevanz:...