A General Model of Growth and Development on Kaldorian Lines
AbstractThis paper develops a "longitudinal" model of economic development, which formally models the complementarity between "agricultural" growth and ind ustrial growth in the early stages of development in aclosed economy, and stres ses the importance of export growth in the later stages in the open economy as t he main source of autonomous demand for industrial output. The importance of an equilibrium terms of trade between industry and agriculture in the closed econom y model is clearly brought out, as well as the consequences of disequi-librium. Copyright 1986 by Royal Economic Society.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 38 (1986)
Issue (Month): 2 (July)
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- Codrina Rada, 2007. "A growth model for a two-sector economy with endogenous productivity," Working Papers, United Nations, Department of Economics and Social Affairs 44, United Nations, Department of Economics and Social Affairs.
- Carton, Christine, 2009.
"Mecanismos kaldorianos del crecimiento regional: Aplicación empírica al caso del ALADI (1980-2007)
[Kaldorian mechanisms of regional growth: An empirical application to the case of ALADI 1980-200," MPRA Paper 15675, University Library of Munich, Germany.
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- Morrissey, Oliver & Leyaro, Vincent, 2007. "Distortions to Agricultural Incentives in Tanzania," Agricultural Distortions Working Paper, World Bank 48550, World Bank.
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