The Process of Economic Development

By James M. Cypher; James L. Dietz | Go to book overview
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2.1 The Kuznets' curve 54
2.1A A Lorenz curve of income distribution 63
3.1 Historical growth trend of per capita income 68
4.1 A classical aggregate production function 111
4.2 Production and consumption possibilities with and without trade 116
4.3 A Solow-type production function 121
5.1(a) Lewis's surplus labor model: agriculture 143
5.1(b) Lewis's surplus labor model: industry 144
6.1 Elasticity of supply and equilibrium price adjustment 161
6.2 Declining real commodity prices 168
7.1(a) The Brazilian state: the intermediate state 216
7.1(b) The South Korean state: the developmental state 217
8.1 An endogenous growth production function 232
8.2 Technological change versus technical efficiency change 240
9.1 Average costs of production, new versus established firms 259
9.2 Impact of an infant industry tariff 263
9.3 Impact of easy ISI on the production possibilities frontier 272
10.1 Phases of structural transformation 299
10.2 The transition of development 301
12.1 The demographic transition 356
12.2 The private optimum and the social optimum level of education 366
14.1 An EPZ circuit of capital 427
15.1 Exchange rate determination, floating rates 442
15.2 Exchange rate determination, fixed rates 445
15.3 Floating exchange rates and the balance of payments 460
15.4 An under-valued exchange rate 465
17.1 Growth in membership of the IMF 498
17.2 IMF lending 499


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The Process of Economic Development


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