Answers are grounded in this paper and cite their sources.
The purpose of the present analysis is to extend the Swan one-sector one-good model (The Economic Record, XXXII:334-361, 1956) into a two-sector two-good economy for the case of no technical change. In this case a simple diagrammatic representation of competitive growth is possibleAND THE EXPOSITION IS SIMPLE AS WELL AS INDICATIVE OF THE PROPERTIES OF TWO SECTOR MODELS. The composition of the capital stock and the labor is analyzed and the allocation of these factors between the two sectors is determined. Our two-sector model is the natural set-up for the analysis of the relative price of capital to consumer goods. (Author)
No takes yet. Share an insight, caveat, or question.
Mordecai Kurz (1963) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: