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A General Model of Growth and Development on Kaldorian Lines

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  • Thirlwall, A P

Abstract

This 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 Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 38 (1986)
Issue (Month): 2 (July)
Pages: 199-219

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Handle: RePEc:oup:oxecpp:v:38:y:1986:i:2:p:199-219

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Cited by:
  1. 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.
  2. 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.
  3. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, Ifo Institute for Economic Research at the University of Munich, Ifo Institute for Economic Research at the University of Munich, number 43, 8.
  4. Salvatore D'Acunto & Sergio Destefanis & Marco Musella, 2004. "Exports, Supply Constraints and Growth: An Investigation using Regional Data," International Review of Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 18(2), pages 167-189.
  5. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
  6. Morrissey, Oliver & Leyaro, Vincent, 2007. "Distortions to Agricultural Incentives in Tanzania," Agricultural Distortions Working Paper, World Bank 48550, World Bank.

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