Lewis through a looking glass : public sector employment, rent-seeking, and economic growth

摘要: This paper argues that the labor transfer process outlined by Lewis model (1954) can give rise to surplus labour - in sense than marginal product of is less wage public part modern sector and this may deprive its dynamism. Moreover, creating sheltered employment tends be self-perpetuating. It creates consolidates vested interests seek perpetuate protected jobs. In inverse model, extent increases, rather diminishes, over time.