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Some Simple Models of Intersectoral Geowth


     

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THE growth of the total output or total national income is usually attended by different rates of growth in the different sectors of the economy, giving rise to changing ratios of sectoral outputs. It is attempted here to Construct some simple models to represent the growth of total income through unequal growths of sectoral incomes, only two sectors being taken for the sake of simplicity. The two sectors considered are the agricultural sector S1 and the non-agricultural sector S2. The models can be generalized to the case of more than two sectors.
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  • Some Simple Models of Intersectoral Geowth

Abstract Views: 419  |  PDF Views: 0

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Abstract


THE growth of the total output or total national income is usually attended by different rates of growth in the different sectors of the economy, giving rise to changing ratios of sectoral outputs. It is attempted here to Construct some simple models to represent the growth of total income through unequal growths of sectoral incomes, only two sectors being taken for the sake of simplicity. The two sectors considered are the agricultural sector S1 and the non-agricultural sector S2. The models can be generalized to the case of more than two sectors.


DOI: https://doi.org/10.21648/arthavij%2F1963%2Fv5%2Fi1%2F116927