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Retesting The Dual Sector Model In India And Brazil, Jiade Xiao

International Review of Business and Economics

India and Brazil are developing countries and emerging markets, enjoying economic development in the recent decades. The development experience of both countries may provide persuasive evidences in supporting or disapproving the economic theories. Arthur Lewis’ structural-change theory focuses on the transition of economic structure with the character from depending heavily on agricultural sector to the character with more contribution from industrial sector occurring in the developing countries. His model of dual sector, as an important part of the structural-change theory, argues that the labor moving from agricultural sector to industrial sector associated with the migration from rural area to urban …