North-South Growth and the Terms of Trade: A Model on Kaldorian Lines.
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...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1989
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