A Model of Optimal Development for an Economy with an Informal Sector

Prabir C. Bhattacharya

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Abstract

The paper addresses the question of optimal development of a developing economy. The framework presented, it is believed, can be of help in thinking about policies relating, inter alia, to population growth, inter-sectoral migration, agriculture-industry relationship, wages in different sectors, and income distribution in an inter-connected way in the context of optimal development of an economy with an informal sector.
Original languageEnglish
Article number79354
Pages (from-to)1808-1824
Number of pages17
JournalJournal of Applied Mathematics and Physics
Volume5
Issue number9
Early online date27 Sep 2017
DOIs
Publication statusPublished - 2017

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