Pan African Medical Journal. 2014; 18:11 doi:10.11604/pamj.2014.18.11.4334 This article is available online at: http://www.panafrican-med-journal.com/content/article/18/11/full/ © Kieran Walsh et al. The Pan African Medical Journal ISSN 1937-8688. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/2.0), ...

Anthony J. Venables LSE and CEPR . Abstract: Growth and development typically involve the creation of new economic activities. New productive sectors develop, and old activities come to be performed in radically different ways. Evidence from both economic history and economic development suggest that this process of structural change is central to increasing growth and raising standards of livi...

This paper provides just a generalization of Becker‟s theory of allocation of time, allowing joint production, throughout a 2-step optimization process, compatible and avoiding criticism in the sense of Pollak. The model yields some interesting results, analyzed for the static vision. After doing it, we just expand the vision to a dynamic context, where the stock of time and goods are introduce...