Question

compare and contrast the Uzawa two - sector growth model with the Feldman model?​

Answer 1

Uzawa two sector growth model with the Feldman model.

Hirofumi Uzawa two sector growth model consider a solow swan type of growth model with two type of produced commodities, a consumer goods and an investment goods. Both these goods are produced with capital and labor force. In Uzawa two sector model we are using both labor and tractor to make corn and tractors