CAPITAL FOP.MATION IN PEASANT ECONOMIES
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The role of capital formation in the process of economic development
has been critically appraised by economists and policy-makers. 1 Identifying
sources of capital and regulating the rate of capital growth are essential
tasks of economic planning in developing nations. Economic growth
models, particularly two-sector models, have been developed to describe the
process of economic transformation with domestic savings and investment as
the key driving forces in achieving a successful growth path. The
analytical abstractness of two-sector models, however, does not provide a
very accurate portrayal of peasant economic behavior, particularly savings
and investment decisions. This weakness has prompted several writers to
call for a more comprehensive approach in analyzing the structure of and
advocating policy for developing nations. 2