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Unbalanced Growth

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Author Info
Alan Beggs

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Abstract

This paper considers a model of endogenous growth with two sectors. It shows that it may be desirable to concentrate research in one sector, and so have unbalanced growth, but that the pressure of competition in research may cause the private sector to spread research too widely, and so have growth that is too balanced. It is also shown that even if private agents concentrate research in one sector, they may do so in the wrong one.

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File URL: http://www.economics.ox.ac.uk/research/WP/PDF/paper048.pdf
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Publisher Info
Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 048.

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Date of creation: 2000
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Handle: RePEc:oxf:wpaper:048

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Related research
Keywords: growth; two sector; unbalanced growth;

Find related papers by JEL classification:
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

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This page was last updated on 2009-12-4.

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