Author(s)

Prabir C. Bhattacharya

Department of Accountancy, Economics, and Finance, Heriot-Watt University, Edinburgh, UK.

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.

Optimal Development, Informal Sector, Income Distribution, Numerical Examples

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.