| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP26 |
| DP26 A North-South Growth Model along Kaldorian Lines | |
| David Vines | |
| 发表日期 | 1984-08-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | 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 the (effective) availability of agricultural land. Also the terms of trade linkage between the two regions is a loose one. As a consequence i) in the short run the terms of trade may overshoot following an exogenous disturbance, and ii) adjustment to full equilibrium may be cyclical, with phases of under- and over-investment in both North and South. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Kaldorian model North-south growth model Terms of trade |
| URL | https://cepr.org/publications/dp26 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529182 |
| 推荐引用方式 GB/T 7714 | David Vines. DP26 A North-South Growth Model along Kaldorian Lines. 1984. |
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