Journal article icon

Journal article

North-South Growth and the Terms of Trade: A Model on Kaldorian Lines.

Abstract:

This paper examines equilibrium growth and stability in the world economy using a North-South model in which there is assumed to be surplus labor in both the North and South at an exogenously-determined level of real wages. The model allows for substitution in consumption between primary commodities and industrial goods in the North, and treats the cases of both surplus and scarce land in the South. In the case of an exogenous shock to the model, the North-South terms of trade may overshoot i...

Expand abstract

Actions


Authors


Journal:
Economic Journal
Volume:
99
Publication date:
1989-01-01
URN:
uuid:ec18e02f-41e2-48c4-9763-364370dc8510
Local pid:
oai:economics.ouls.ox.ac.uk:10547
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP