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A multi-sectoral approach to the Harrod foreign trade multiplier

Author

Listed:
  • Andrew B. Trigg

    (Department of Economics, The Open University, Milton Keynes, UK)

  • Ricardo Azevedo Araujo

    (Department of Economics, University of Brasilia, Brazil)

Abstract

With this inquiry, we seek to develop a multi-sectoral version of the static Harrod foreign trade multiplier, by showing that it can be derived from an extended version of the Pasinettian model of structural change and international trade. This new version highlights the connections between the balance of payments and levels of employment and production. It is also shown that from this disaggregated version of the Harrod foreign trade multiplier we can derive an aggregate version of the multiplier. By following this approach we go a step further in establishing the connections between the structural economic dynamic and the balance-of-payments-constrained-growth approaches.

Suggested Citation

  • Andrew B. Trigg & Ricardo Azevedo Araujo, 2018. "A multi-sectoral approach to the Harrod foreign trade multiplier," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 15(1), pages 91-104, April.
    • Handle: RePEc:elg:ejeepi:v:15:y:2018:i:1:p91-104
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    Cited by:

    1. Araujo, Ricardo Azevedo & Santini, Theo & de Acypreste, Rafael, 2023. "A vertically integrated approach to increasing returns and cumulative causation," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 49-58.

    More about this item

    Keywords

    structural economic dynamics; foreign trade multiplier; balance-of-payments-constrained growth;
    All these keywords.

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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