TY  - JOUR
AU  - Krishna,Kala
AU  - Perez,Cesar A.
TI  - Unbalanced Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10899
PY  - 2004
Y2  - November 2004
UR  - http://www.nber.org/papers/w10899
L1  - http://www.nber.org/papers/w10899.pdf
N1  - Author contact info:
Kala Krishna
Department of Economics
523 Kern Graduate Building
The Pennsylvania State University
University Park, PA 16802
Tel: 814/865-1106
Fax: 814/863-4775
E-Mail: kmk4@psu.edu

Cesar A. Perez
E-Mail: cperez@martin.fl.us
AB  - 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.
ER  -