Fusari, Angelo (1986): A development model of a dualistic economy. The Italian case. Published in: book entitled 'Dynamic modelling and control of national economies' No. Pergamon Press (1987): pp. 237244.

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Abstract
The problem of economic dualism has been much studied in works on developing countries, and much attention has also been dedicated to the phenomenon of backward areas within developed economies. But careful studies of advanced dualistic economies are rare. In fact, such a dualism is often analyzed on the basis of the findings of the theory of economic underdevelopment or studies on backward areas, which inevitably neglect some central peculiarities of advanced dualistic economies. The situation is highly unsatisfactory, since advanced sectors are now achieving significant dimensions in an increasing number of developing countries. Italy constitutes one of the best instances of an advanced dualistic economy and thus offers ideal material for investigating this case. The macrodynamic model explored here focuses mainly on the impact of the dualistic character of the Italian economy on the labor market, inflation, the process of capital formation and its cyclical behavior. The model probably goes beyond the Italian experience and describes the supply and demand for goods, the distribution of income, the balance of payments on current accounts and the current account budget of the public sector. It refers to a historic period (30 years ago) during which dualism operated strongly. Quantitative and qualitative analyses have been carried out on the model. This has been estimated as a continuous time model, using the full information maximum likelihood method (FIML). We have also analyzed its stability properties and its predictive performance and performed some experiments of sensitivity analysis
Item Type:  MPRA Paper 

Original Title:  A development model of a dualistic economy. The Italian case 
English Title:  A development model of a dualistic economy. The Italian case 
Language:  English 
Keywords:  Economic dualism; Modelling; Econometric estimations; FIML and continuos time estimation; Simulation results. 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C13  Estimation: General C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C15  Statistical Simulation Methods: General C  Mathematical and Quantitative Methods > C3  Multiple or Simultaneous Equation Models ; Multiple Variables C  Mathematical and Quantitative Methods > C5  Econometric Modeling C  Mathematical and Quantitative Methods > C5  Econometric Modeling > C51  Model Construction and Estimation P  Economic Systems > P0  General Z  Other Special Topics > Z0  General 
Item ID:  74175 
Depositing User:  Angelo Fusari 
Date Deposited:  02 Oct 2016 20:35 
Last Modified:  03 Oct 2019 15:47 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/74175 