Unbalanced Growth

20 Pages Posted: 7 Aug 2005

See all articles by Kala Krishna

Kala Krishna

Pennsylvania State University - Department of Economics; National Bureau of Economic Research (NBER)

Cesar A. Perez

Martin County - Growth Management Department

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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.

Suggested Citation

Krishna, Kala and Perez, Cesar A., Unbalanced Growth. Canadian Journal of Economics, Vol. 38, No. 3, pp. 832-851, August 2005, Available at SSRN: https://ssrn.com/abstract=772990

Kala Krishna (Contact Author)

Pennsylvania State University - Department of Economics ( email )

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Cesar A. Perez

Martin County - Growth Management Department ( email )

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