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'Looking at the Other Side of the Coin': The Relationship between Classical Growth and Early Development Theories

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  • Maiju Perälä

Abstract

This paper extends the history of thought narrative on Allyn Young to recognize the close relationship that the classical growth theory has with the early development theory, as Young's externalities-fuelled, cumulative growth process influenced the theoretical thought of the early development theory pioneers, Paul Rosenstein-Rodan and Ragnar Nurkse.

Suggested Citation

  • Maiju Perälä, 2003. "'Looking at the Other Side of the Coin': The Relationship between Classical Growth and Early Development Theories," WIDER Working Paper Series DP2003-38, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2003-38
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2003-38.pdf
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    References listed on IDEAS

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    8. Lauchlin Currie & Roger Sandilands, 1997. "Implications of an Endogenous Theory of Growth in Allyn Young's Macroeconomic Concept of Increasing Returns," History of Political Economy, Duke University Press, vol. 29(3), pages 413-443, Fall.
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