Theories of Sectoral Balance

Lance Taylor

Chapter 1 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 3-31 from Palgrave Macmillan

Abstract: Abstract Separating sectors in the economy means they have structure — something differs between them. For centuries economists have set up models incorporating sectors with diverse natures — subsistence v. modern, agriculture v. non- agriculture, traded v. non-traded — to ask how they reach balance in the short run and grow over time. Much work on economic development is concerned with such issues. An attempt is made in this review to give the flavour (and some of the substance) of this literature. Its volume is enormous; any summary must be selective at best. The emphasis here is on models with practical relevance to policy issues in the Third World.

Keywords: Total Factor Produc; Real Exchange Rate; Real Wage; Capital Good; Capital Formation (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-19746-0_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349197460

DOI: 10.1007/978-1-349-19746-0_1

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().