Unbalanced growth

Kala Krishna; César A. Pérez

doi:10.1111/j.0008-4085.2005.00304.x

Unbalanced growth

Kala Krishna, César A. Pérez

Economics

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

We study a model designed to understand the concept of unbalanced growth. We define leading sectors to be those that raise the profits from industrialization for other sectors the most. We identify the leading sectors and show that subsidizing them in sequence will raise welfare if the future is not discounted too strongly.

Original language	English (US)
Pages (from-to)	832-851
Number of pages	20
Journal	Canadian Journal of Economics
Volume	38
Issue number	3
DOIs	https://doi.org/10.1111/j.0008-4085.2005.00304.x
State	Published - Aug 2005

All Science Journal Classification (ASJC) codes

Economics and Econometrics

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10.1111/j.0008-4085.2005.00304.x

Cite this

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title = "Unbalanced growth",

abstract = "We study a model designed to understand the concept of unbalanced growth. We define leading sectors to be those that raise the profits from industrialization for other sectors the most. We identify the leading sectors and show that subsidizing them in sequence will raise welfare if the future is not discounted too strongly.",

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year = "2005",

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Unbalanced growth

Abstract

All Science Journal Classification (ASJC) codes

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