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2014 | 7 | nr 15 | 111--127
Tytuł artykułu

A few critical and updating remarks on the Arthur Lewis theory of development with unlimited supplies of labour

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The aim of this paper is twofold. Firstly, we show Lewis's groundbreaking concept of 1954. Secondly, we contribute relevant elements to the criticism of this concept and which are significant for contemporary Development Economics, which has not formulated a unique paradigm of pulling developing economies out of the poverty trap so far. Updating remarks on Lewis's theory are focused on the following problems: population dynamics and economic growth; accumulation and depreciation of physical capital; the null consumption of capitalists; human capital accumulation, savings, growth and development; and the number of market contributors and their influence on the price mark-up. Critical and updating remarks concerning the Lewis model presented in this paper do not undermine the general conclusions, supplementing them, and incorporating this model into the contemporary exogenous growth theory. (original abstract)
Rocznik
Tom
7
Numer
Strony
111--127
Opis fizyczny
Twórcy
  • Szkoła Główna Handlowa w Warszawie
  • Szkoła Główna Handlowa w Warszawie
Bibliografia
  • Bauer P. T., Dissent on Development: Studies and Debates in Development Economics, Cambridge 1972.
  • Bernanke B. S., Gurkaynak R. S., (2002), Is Growth Exogenous? TakingMankiw, Romer, and Weil Seriously, NBER Macroeconomics Annual, Volume 16, pp.11-72.
  • Bourguignon F., Morrison C., Inequality and Development: The Role of Dualism, DELTA, 1995, Document No. 95-32.
  • Enke S., Economic Development with Unlimited and Limited Supplies of Labour, Oxford Economic Papers. New Series, Vol. 14, No.2 (Jun.1962), pp.158-172.
  • Ercolani M. G., Wei Z., (2010), An Empirical Analysis of the Lewis-Ranis-Fei: Theory of Dualistic Economic Development for China, University of Birmingham Discussion Paper Series, No.10-06.
  • Fei J. C. H., Ranis G., Kuo S.W. Y., Growth with Equity: The Taiwan Case, Oxford University Press, Cambridge 1979
  • Fields G. S., Rural-Urban Migration, Urban Unemployment and Underemployment and Job Search Activity in LDCs, "Journal of Development Economics" 1975, Vol. 2, No. 2, pp.165-188.
  • Harris J., Todaro M., Migration, Unemployment and Development: A Two-Sector Analysis, "American Economic Review" 1970, Vol. 40, pp.126-142.
  • Kindleberger C. P., Europe's Postwar Growth: The Role of Labor Supply, Harvard University Press, Cambridge 1967.
  • Lesthaeghe R., The Second Demographic Transition in Western Countries: an Interpretation, "IPD-Working Paper" 1991, Nr 2.
  • Lewis W. A., Economic Development with Unlimited Supplies of Labour, Manchester School of Economic and Social Studies 1954, Vol. 22, pp.139-191.
  • Meier G.M., Rauch J. E., Leading Issues in Economic Development, 8th edition, Oxford University Press, 2005
  • Ranis G., Arthur Lewis' Contribution to Development Thinking and Policy, Economic Growth Center, Yale University, CDP No. 891, 2004.
  • Schultz T. W., Transforming Traditional Agriculture, New Heaven 1964.
  • Sen A., Surplus Labor in India. A Critique of Schultz's Statistical Test, "Economic Journal" 1967, Vol. 77, pp.154-161.
  • Tignor R., Tignor R. L., W.Arthur Lewis and the Birth of Development Economics,Princeton University Press 2005
  • Todaro M. P., Economic Development, Addison-Wesley, Reading 1995.
  • United Nations, Measures for the Economic Development of Under-developed Countries: Report by a Group of Experts Appointed by the Secretary-General of the United Nations, New York 1951.
  • van de Kaa D. J., Europe's Second Demographic Transition, "Population Bulletin" 1987, Nr 42.1.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171341179

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