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Unbalanced Growth

Author

Listed:
  • Alan Beggs

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.

Suggested Citation

  • Alan Beggs, 2000. "Unbalanced Growth," Economics Series Working Papers 48, University of Oxford, Department of Economics.
    • Handle: RePEc:oxf:wpaper:48
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    File URL: https://ora.ox.ac.uk/objects/uuid:3a904323-8994-4582-aacb-079dbda904ab
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    More about this item

    Keywords

    growth; two sector; unbalanced growth;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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