= Fei–Ranis model of economic growth
{wiki=Fei–Ranis_model_of_economic_growth}
The Fei–Ranis model, developed by economist Erik Fei and Gustav Ranis in the 1960s, is a model of economic growth that primarily focuses on the dual economy framework, which divides an economy into two sectors: the traditional agricultural sector and the modern industrial sector. The model aims to explain how economic development occurs in a dual economy and how labor and resources move from the traditional sector to the modern sector.
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