TY - JOUR
T1 - Growth and inequality in the dual model of development
T2 - The role of demand factors
AU - Bourguignon, François
PY - 1990/4
Y1 - 1990/4
N2 - This paper relates growth and income distribution in the development of a dual economy. Its originality lies in the fact that the analysis of income inequality uses the whole Lorenz curve instead of some summary measures, and that the dual economy is represented through a fully-specified general equilibrium model. Conditions for particular shifts in the Lorenz curve are derived. They mostly involve the income and price elasticities of demand faced by the traditional sector of the economy, and suggest that an unambiguous drop in income inequality is somewhat unlikely at the dual stage of development.
AB - This paper relates growth and income distribution in the development of a dual economy. Its originality lies in the fact that the analysis of income inequality uses the whole Lorenz curve instead of some summary measures, and that the dual economy is represented through a fully-specified general equilibrium model. Conditions for particular shifts in the Lorenz curve are derived. They mostly involve the income and price elasticities of demand faced by the traditional sector of the economy, and suggest that an unambiguous drop in income inequality is somewhat unlikely at the dual stage of development.
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U2 - 10.2307/2297379
DO - 10.2307/2297379
M3 - Article
AN - SCOPUS:0006645830
SN - 0034-6527
VL - 57
SP - 215
EP - 228
JO - Review of Economic Studies
JF - Review of Economic Studies
IS - 2
ER -