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• W2906694045 abstract "A simplifed Lewis model with evidence-based assumptions treats all rural output as nontraded, and pays rural workers a convex combination of their average and marginal products. Lewis style transition is characterized as an increase in the weight on marginal product in the determination of the rural wage. This integration with standard trade models underscores the importance of trade for development, and predicts a real exchange rate appreciation for economies undergoing a Lewis style transition." @default.
• W2906694045 created "2019-01-11" @default.
• W2906694045 creator A5079704217 @default.
• W2906694045 date "2018-06-01" @default.
• W2906694045 modified "2023-09-27" @default.
• W2906694045 title "A Synthesis of the Lewis Development Model and Neoclassical Trade Models" @default.
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• W2906694045 hasPublicationYear "2018" @default.
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