A Model of Optimal Development for an Economy with an Informal Sector ()
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.
Share and Cite:
Bhattacharya, P. (2017) A Model of Optimal Development for an Economy with an Informal Sector.
Journal of Applied Mathematics and Physics,
5, 1808-1824. doi:
10.4236/jamp.2017.59153.
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