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A North-South Growth Model along Kaldorian Lines.

Abstract:

A North-South growth model is presented which focuses on i) the complementarity of Southern output (consumption goods) and Northern output (capital goods) and ii) the terms of trade as a mechanism linking the growth rates of the two regions. This Kaldorian model is different from recent North-South models of Findlay and Taylor, because the Northern economy is neo-keynesian and the Southern economy is Ricardian. In the long run the growth of both North and South is constrained in this model by...

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Publisher:
CEPR
Host title:
C.E.P.R. Discussion Papers
Series:
C.E.P.R. Discussion Papers
Volume:
26
Publication date:
1984-01-01
Paper number:
26
Language:
English
UUID:
uuid:0950b687-c894-4e3f-bfcd-77d0b3a27820
Local pid:
oai:economics.ouls.ox.ac.uk:11658
Deposit date:
2011-08-16

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