A Two-Sector Growth Model with an Intermediate Product

Chun-Yan Kuo
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Chun-Yan Kuo: University of Western Ontario

No 1974-06, Development Discussion Papers from JDI Executive Programs

Abstract: This paper is a comment note on the article by R. N. Batra and R. Singh for their strong conditions required for the existence of the short-run equilibrium and the long-run equilibrium in a two-sector growth model with an intermediate product. Our paper shows that the factor intensities of final goods sectors in the gross and the relative gross shares of primary factors are crucial in determining the properties of the model. All the conditions for stability are in fact much weaker than those derived by Batra and Singh due to their neglect of drawing a distinction between the net and the gross capital/labour ratios of a final good.

Keywords: two-sector growth model; intermediate products; capital/labour ratio; existence; stability; long-run equilibrium (search for similar items in EconPapers)
JEL-codes: C62 O41 (search for similar items in EconPapers)
Pages: 4 pages
Date: 1974-01
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:185

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