Unbalanced growth
研究了一个理解不平衡增长概念的模型,定义了能最大程度提升其他部门工业化利润的领先部门,并证明在贴现率不太高时按顺序补贴这些部门能提高福利。
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 sequence will raise welfare if the future is not discounted too strongly.