IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v11y1987i3p211-27.html
   My bibliography  Save this article

Debt, Finance, Production and Trade in a North-South Model: The Surplus Approach

Author

Listed:
  • Darity, William, Jr

Abstract

This paper presents a short-period North-South model based upon the surplus approach formalized by Piero Sraffa. Its major innovation is the introduction of a unified international banki ng sector, patterned after the Euro-banking system, that creates cred it as a multiple of deposits received from each region. The model fac ilities investigation of "crowding out" and "crowding in" within and across regions, interregional and intraregional competition for c redit, and the origins of debt crises, including the Brimmer-Kindlebe rger commercial bank "loan pushing" phenomenon. The model also is c ompared briefly with other recent explanations for the developing-cou ntry debt trauma. Copyright 1987 by Oxford University Press.

Suggested Citation

  • Darity, William, Jr, 1987. "Debt, Finance, Production and Trade in a North-South Model: The Surplus Approach," Cambridge Journal of Economics, Oxford University Press, vol. 11(3), pages 211-227, September.
  • Handle: RePEc:oup:cambje:v:11:y:1987:i:3:p:211-27
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
    2. Mainwaring, Lynn, 1998. "Transfers in a North-South Growth Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(5), pages 592-603, November.
    3. M. O. Odedokun, 1997. "Relative effects of public versus private investment spending on economic efficiency and growth in developing countries," Applied Economics, Taylor & Francis Journals, vol. 29(10), pages 1325-1336.
    4. Hoffmaister, Alexander W. & Pradhan, Mahmood & Samiei, Hossein, 1998. "Have North-South growth linkages changed?," World Development, Elsevier, vol. 26(5), pages 791-808, May.
    5. William Darity & Lewis S. Davis, 2005. "Growth, trade and uneven development," Cambridge Journal of Economics, Oxford University Press, vol. 29(1), pages 141-170, January.
    6. -, 1992. "CEPAL Review no.46," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:11:y:1987:i:3:p:211-27. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: https://academic.oup.com/cje .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.