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Professor Currie's Comment not only strengthens his already well‐known leading sector strategy of development; it also raises some further interesting questions regarding the behavior of suppliers in Latin America which are crucial to the choice of policy for development. While the definitive...
Persistent link: https://www.econbiz.de/10014863583
In their analysis of the sources of Colombia's notable economic growth over the period 1963–80, the authors find that, although much can be accounted for by growth in labour, capital and improvements in the labour force, the contribution of inputs was much higher than expected, particularly in...
Persistent link: https://www.econbiz.de/10014863695
The Leading Sector interpretation of development originates from the observation that all multisectoral economies exhibit a certain degree of intersectoral interdependence, through either the incomes generated in each sector and the corresponding final demand for other products, or through...
Persistent link: https://www.econbiz.de/10014863801