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A General Model of Growth and Development on Kaldorian Lines

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  • Thirlwall, A P

Abstract

This paper develops a "longitudinal" model of economic development, which formally models the complementarity between "agricultural" growth and ind ustrial growth in the early stages of development in aclosed economy, and stres ses the importance of export growth in the later stages in the open economy as t he main source of autonomous demand for industrial output. The importance of an equilibrium terms of trade between industry and agriculture in the closed econom y model is clearly brought out, as well as the consequences of disequi-librium. Copyright 1986 by Royal Economic Society.

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  • Thirlwall, A P, 1986. "A General Model of Growth and Development on Kaldorian Lines," Oxford Economic Papers, Oxford University Press, vol. 38(2), pages 199-219, July.
    • Handle: RePEc:oup:oxecpp:v:38:y:1986:i:2:p:199-219
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    Cited by:

    1. Nadia Hassan & Atiq ur Rehman, 2021. "Examining the Inter-Sectoral Relationship, Productivity and Inclusive Growth of Pakistani and Indonesian Economies," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 3(1), pages 38-57, june.
    2. Christine Carton Madura, 2009. "Mecanismos kaldorianos del crecimiento regional: Aplicación empírica al caso del ALADI (1980-2007)," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 8, pages 1-24, May.
    3. de Oliveira, Guilherme & Lima, Gilberto Tadeu, 2022. "Economic growth as a double-edged sword: The pollution-adjusted Kaldor-Verdoorn effect," Ecological Economics, Elsevier, vol. 199(C).
    4. Ramesh Chandra & Roger J. Sandilands, 2021. "Nicholas Kaldor, increasing returns and Verdoorn’s Law," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 44(2), pages 315-339, April.
    5. Pini, Paolo, 1995. "Economic growth, technological change and employment: empirical evidence for a cumulative growth model with external causation for nine OECD countries: 1960-1990," Structural Change and Economic Dynamics, Elsevier, vol. 6(2), pages 185-213, June.
    6. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43.
    7. Salvatore D'Acunto & Sergio Destefanis & Marco Musella, 2004. "Exports, Supply Constraints and Growth: An Investigation using Regional Data," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 167-189.
    8. Morrissey, Oliver & Leyaro, Vincent, 2007. "Distortions to Agricultural Incentives in Tanzania," Agricultural Distortions Working Paper Series 48550, World Bank.
    9. Codrina Rada, 2007. "A growth model for a two-sector economy with endogenous productivity," Working Papers 44, United Nations, Department of Economics and Social Affairs.
    10. A.P. Thirlwall, 2018. "Una vita nell’economia," Moneta e Credito, Economia civile, vol. 71(283), pages 179-210.
    11. Ferdinando Targetti, 2005. "Forum 2005," Development and Change, International Institute of Social Studies, vol. 36(6), pages 1185-1199, November.
    12. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
    13. Isha Gupta, 2022. "Land-constrained growth in a developing economy: A Kaldorian perspective," PSL Quarterly Review, Economia civile, vol. 75(302), pages 263-284.
    14. Anthony Thirlwall, 2017. "Nicholas Kaldor’s Insights into the Applied Economics of Growth (or Why I Became a Kaldorian)," a/ Working Papers Series 1701, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    15. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
    16. Chakrabarti, Saumya, 2014. "Agriculture-Industry Relation and the Question of ‘Home Market’: Towards Closing a Century’s Old Debate," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 69(2), pages 1-28.
    17. Ashok Mathur, 1990. "The Interface of Agricultural and Industrial Growth in the Development Process: Some Facets of the Indian Experience," Development and Change, International Institute of Social Studies, vol. 21(2), pages 247-280, April.
    18. Shouvik Chakraborty & Prabirjit Sarkar, 2020. "From The Classical Economists To Empiricists: A Review Of The Terms Of Trade Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1111-1133, December.

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