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Kaldor's 1970 Regional Growth Model Revisited

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  • A. P. Thirlwall

Abstract

type="main" xml:id="sjpe12048-abs-0001"> Kaldor's 1970 paper ‘The Case for Regional Policies’ was republished in the 60th anniversary volume of the Scottish Journal of Political Economy. This article reflects on the model after more than 40 years, and argues that although it has been criticized for its deterministic nature, it has lost none of its relevance. It predates the ideas of so-called ‘new’ growth theory, and the new economic geography of Krugman, and provides at least a partial explanation of why growth rates and levels of per capita income between regions and between countries can continue to persist and even widen in contrast to the predictions of orthodox equilibrium theory.

Suggested Citation

  • A. P. Thirlwall, 2014. "Kaldor's 1970 Regional Growth Model Revisited," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(4), pages 341-347, September.
    • Handle: RePEc:bla:scotjp:v:61:y:2014:i:4:p:341-347
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    File URL: http://hdl.handle.net/10.1111/sjpe.2014.61.issue-4
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    Cited by:

    1. 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.
    2. Alexandre Gomes, 2020. "Regional economic growth in China from a Kaldorian perspective: A comparative study of Nanjing and Suzhou," PSL Quarterly Review, Economia civile, vol. 73(295), pages 283-312.
    3. Wirginia Aksztejn, 2020. "Local Territorial Cohesion: Perception of Spatial Inequalities in Access to Public Services in Polish Case-Study Municipalities," Social Inclusion, Cogitatio Press, vol. 8(4), pages 253-264.
    4. A. P. Thirlwall, 2013. "Commentary on Kaldor's 1970 Regional Growth Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(5), pages 492-494, November.
    5. Mihaela-Nona, CHILIAN & Mihaela, SIMIONESCU & Marioara, IORDAN, 2014. "Determinants Of Regional Competitiveness In Romania - A Panel Data Approach," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 13-20.

    More about this item

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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