Unbalanced growth

Kala Krishna, César A. Pérez

Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
Pages (from-to)832-851
Number of pages20
JournalCanadian Journal of Economics
Volume38
Issue number3
DOIs
StatePublished - Aug 1 2005

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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