G2TT
来源类型Discussion paper
规范类型论文
来源IDDP26
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
URLhttps://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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