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Cumulative Causation, Harrod’s Trade Multiplier, and Kaldor’s Paradox: The Foundations of Post-Keynesian Theory of Growth Differentials

In: Economic Dynamics, Trade and Growth

Author

Listed:
  • Luca Benedictis

Abstract

The exploration of the links between productive specialization, technological innovation and growth in an open economic system has been constantly (and often passionately) pursued since the very beginning of modern economic thought. One of the controversial issues in the ‘great debates’ between free traders and protectionists, convergence and cumulative causation theorists, paladins of a world laissez-faire and proponents of a new economic order and, more recently, between endogenous growth theorists, is if and how economic growth is dependent on productive specialization and, should that be the case, if and how the latter could be enhanced or modified through innovation.

Suggested Citation

  • Luca Benedictis, 1998. "Cumulative Causation, Harrod’s Trade Multiplier, and Kaldor’s Paradox: The Foundations of Post-Keynesian Theory of Growth Differentials," Palgrave Macmillan Books, in: Giorgio Rampa & Luciano Stella & A. P. Thirlwall (ed.), Economic Dynamics, Trade and Growth, chapter 8, pages 252-280, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26931-0_9
    DOI: 10.1007/978-1-349-26931-0_9
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    Citations

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    Cited by:

    1. Lavopa, A., 2014. "Catching up and lagging behind in a balance-of-payments-constrained dual economy," MERIT Working Papers 2014-042, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Elias Soukiazis & Micaela Antunes, 2013. "Growth Performance in Portugal since the 1960s: A Simultaneous Equation Approach with Cumulative Causation Characteristics," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(1), pages 169-192.
    3. Miguel A. LeÛn-Ledesma, 2002. "Accumulation, innovation and catching-up: an extended cumulative growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(2), pages 201-216, March.
    4. Carton, Christine, 2007. "Un modèle de croissance cumulative étendu á l’éducation: une validation empirique pour la région asiatique [A model of cumulative growth extended to education: an empirical assessment for the Asian," MPRA Paper 20549, University Library of Munich, Germany.
    5. Miguel A. León-Ledesma, 2002. "Cumulative Growth and the Catching-Up Debate From a Disequilibrium Standpoint," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 8, pages 197-218, Palgrave Macmillan.
    6. Jesus Felipe & Utsav Kumar, 2014. "Unit labor costs in the eurozone: the competitiveness debate again," Review of Keynesian Economics, Edward Elgar Publishing, vol. 2(4), pages 490-507, October.
    7. Felipe, Jesus, 2009. "A Cautionary Note on the Interpretation of Unit Labor Costs as an Indicator of Competitiveness, with Reference to the Philippines," Philippine Journal of Development PJD 2007 Vol. XXXIV No. 2, Philippine Institute for Development Studies.
    8. Botta, Alberto, 2009. "A structuralist North-South model on structural change, economic growth and catching-up," Structural Change and Economic Dynamics, Elsevier, vol. 20(1), pages 61-73, March.
    9. Stavroula DIMKOU & George MAKRIS, 2017. "Financial Sector And Growth Process In South-Eastern Europe'S Former Socialist Countries: Could A Kaldorian Cumulative Causation Approach Help To Better Understand The Links Between Them?," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 16(1), pages 60-73.

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