Sector Proportions and Economic Development: The Evidence since 1950

Moshe Syrquin
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Moshe Syrquin: Bar-Ilan University

Chapter 2 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 32-53 from Palgrave Macmillan

Abstract: Abstract Economic development is a process of transformation as much as, if not more than, a process of expansion. The transformation of the economic system from a low productivity, predominantly rural, agrarian economy to one predominantly urban, industrial, with higher productivity, is not instantaneous. It is a gradual process during which productivity has to increase in most segments of the economy and, at the same time, the centre of gravity shifts from lower to higher productivity units. Disaggregation is therefore essential for the analysis of development.

Keywords: Total Factor Productivity; Real Exchange Rate; Income Elasticity; Final Demand; Computable General Equilibrium Model (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-19746-0_2

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