Unbalanced Growth

Kala Krishna () and Cesar A. Perez

No 10899, NBER Working Papers from National Bureau of Economic Research, Inc

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 sequences will raise welfare if the future is not discounted too strongly.

JEL-codes: D50 O12 O30 (search for similar items in EconPapers)
Date: 2004-11
New Economics Papers: this item is included in nep-dev
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Published as Krishna, Kala and Cesar A. Perez. "Unbalanced Growth," Canadian Journal of Economics, 2005, v38(3,Aug), 832-851.

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