Theories of Sectoral Balance

Abstract

Separating sectors in the economy means they have structure — something differs between them. For centuries economists have set up models incorporating sectors with diverse natures — subsistence v. modern, agriculture v. non- agriculture, traded v. non-traded — to ask how they reach balance in the short run and grow over time. Much work on economic development is concerned with such issues. An attempt is made in this review to give the flavour (and some of the substance) of this literature. Its volume is enormous; any summary must be selective at best. The emphasis here is on models with practical relevance to policy issues in the Third World. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 14 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.