TITLE:
A Model of Optimal Development for an Economy with an Informal Sector
AUTHORS:
Prabir C. Bhattacharya
KEYWORDS:
Optimal Development, Informal Sector, Income Distribution, Numerical Examples
JOURNAL NAME:
Journal of Applied Mathematics and Physics,
Vol.5 No.9,
September
27,
2017
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.