Patterns of growth in dual economies: challenges of development in the 21st century

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buir.contributor.authorYeldan, Alp Erinç
dc.citation.epage63en_US
dc.citation.spage13en_US
dc.contributor.authorAcar, S.en_US
dc.contributor.authorVoyvoda, E.en_US
dc.contributor.authorYeldan, Alp Erinçen_US
dc.date.accessioned2020-04-13T10:12:45Z
dc.date.available2020-04-13T10:12:45Z
dc.date.issued2018
dc.departmentDepartment of Economicsen_US
dc.departmentDepartment of International Relationsen_US
dc.departmentEnergy Policy Research Center (EPAM)en_US
dc.descriptionChapter 2en_US
dc.description.abstractThis chapter attempts to examine patterns of growth in dual economies within the context of challenges of development for the 21st century. To this end, we first study the broad contours of growth and adjustments in the global economy, before, during, and after the 2008–09 global crisis. Here four general patterns emerge, namely, stagnation of wage incomes; declining investment effort; consequent decline in the rates of growth of productivity; and a compensatory rise in corporate and household indebtedness. The chapter continues with a deeper investigation of the structural sources of deindustrialization and widening duality in both labor markets and technological diffusion. Finally, we link all these ideas with the macroeconomics of global climate change and implications on the feedback effects of the economy-resource use-environmental degradation nexus.en_US
dc.identifier.doi10.1016/B978-0-12-813519-8.00002-9en_US
dc.identifier.doi10.1016/C2016-0-04839-8en_US
dc.identifier.isbn9780128135198
dc.identifier.urihttp://hdl.handle.net/11693/53597
dc.language.isoEnglishen_US
dc.publisherAcademic Pressen_US
dc.relation.ispartofMacroeconomics of climate change in a dualistic economy: a regional general equilibrium analysisen_US
dc.relation.isversionofhttps://doi.org/10.1016/B978-0-12-813519-8.00002-9en_US
dc.relation.isversionofhttps://doi.org/10.1016/C2016-0-04839-8en_US
dc.subjectClimate changeen_US
dc.subjectStructural changeen_US
dc.subjectDeindustrializationen_US
dc.subjectSustainabilityen_US
dc.subjectIncome–environment relationshipen_US
dc.subjectDualityen_US
dc.subjectEconomic growthen_US
dc.subjectEnvironmental degradationen_US
dc.subjectProductivityen_US
dc.subjectResource useen_US
dc.titlePatterns of growth in dual economies: challenges of development in the 21st centuryen_US
dc.typeBook Chapteren_US
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Energy Policy Research Center (EPAM)