Title: Unbalanced growth
First published: 2004
Description: "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"--National Bureau of Economic Research web site.
Subjects: Mathematical models, Industrialization, Economic development, Endogenous growth (Economics)
LC classification: HB1