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A Model of Optimal Development: Further Results

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  • Prabir C. Bhattacharya

Abstract

This paper reports additional results to those presented in an accompanying paper that set out a framework for thinking about optimal development of a developing economy with an informal sector.

Suggested Citation

  • Prabir C. Bhattacharya, 2015. "A Model of Optimal Development: Further Results," Heriot-Watt University Economics Discussion Papers 1504a, Department of Economics, School of Management and Languages, Heriot Watt University.
    • Handle: RePEc:hwe:hwuedp:1504a
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    File URL: http://www.hw.ac.uk/schools/management-languages/documents/research/HW_DP_2015_04.pdf
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    References listed on IDEAS

    as
    1. Todaro, Michael P, 1969. "A Model for Labor Migration and Urban Unemployment in Less Developed Countries," American Economic Review, American Economic Association, vol. 59(1), pages 138-148, March.
    2. Alberto Alesina & Dani Rodrik, 1994. "Distributive Politics and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 465-490.
    3. Bhattacharya, Prabir C, 1994. "A Multi-sector Model of LDC," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(3), pages 225-255, August.
    4. N. H. Stern, 1972. "Optimum Development in a Dual Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(2), pages 171-184.
    5. A. K. Dixit, 1968. "Optimal Development in the Labour-Surplus Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(1), pages 23-34.
    6. Bhattacharya, Prabir C., 2011. "Informal sector, income inequality and economic development," Economic Modelling, Elsevier, vol. 28(3), pages 820-830, May.
    7. Barro, Robert J, 2000. "Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
    8. Prabir C. Bhattacharya, 2002. "Rural-to-urban migration in LDCS: a test of two rival models," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(7), pages 951-972.
    9. Hollis Chenery† & T.N. Srinivasan (ed.), 1988. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 1, number 1.
    10. Kristin J. Forbes, 2000. "A Reassessment of the Relationship between Inequality and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 869-887, September.
    11. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
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    More about this item

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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