Unlimited Supply of Labour and the Concept of Balanced Growth

John FEl and Gustav Ranis
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John FEl: Institute of Development Economics,
Gustav Ranis: Institute of Development Economics,

The Pakistan Development Review, 1961, vol. 1, issue 3, 29-58

Abstract: It is the purpose of this paper to construct an economic model which, we hope, will serve as a point of departure for the study of certain key policy issues in the long-run economic development of less developed countries like Pakistan. As we see it, the key issue of developmental policy centres about the question of balanced growth of the two main sectors: the industrial sector and the agnculturai sector.

Date: 1961
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