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A Kaldorian Model of Growth and Development Revisited: Comment

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  • Dutt, Amitava Krishna

Abstract

This paper argues that A. P. Thirlwall's formalization of N. Kaldor's model of agriculture-industry interaction is deficient in its structural specification and its disequilibrium dynamics, and the inferences that Thirlwall draws regarding the role of agriculture in providing a home market for the industrial sector are mistaken. To do so it develops a correctly specified Kaldorian model, analyzes the dynamics behind its equilibrium, and discusses carefully the role of demand in the Kaldorian model. Copyright 1992 by Royal Economic Society.

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  • Dutt, Amitava Krishna, 1992. "A Kaldorian Model of Growth and Development Revisited: Comment," Oxford Economic Papers, Oxford University Press, vol. 44(1), pages 156-168, January.
    • Handle: RePEc:oup:oxecpp:v:44:y:1992:i:1:p:156-68
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    Cited by:

    1. Vanessa Grüdtner & André M. Marques, 2020. "Is Gibrat's law robust when cities interact each other?," Papers in Regional Science, Wiley Blackwell, vol. 99(4), pages 1087-1111, August.
    2. Codrina Rada, 2007. "A growth model for a two-sector economy with endogenous productivity," Working Papers 44, United Nations, Department of Economics and Social Affairs.
    3. A.P. Thirlwall, 2018. "Una vita nell’economia," Moneta e Credito, Economia civile, vol. 71(283), pages 179-210.
    4. de Souza, Joao Paulo A., 2015. "Evidence of growth complementarity between agriculture and industry in developing countries," Structural Change and Economic Dynamics, Elsevier, vol. 34(C), pages 1-18.
    5. Hiroaki Sasaki, 2008. "North-South Asymmetry in Returns to Scale, Uneven Development, and the Population Puzzle," TERG Discussion Papers 238, Graduate School of Economics and Management, Tohoku University.
    6. Porcile, Gabriel & Sartorello Spinola, Danilo & Yajima, Giuliano, 2020. "Patterns of growth in structuralist models: The role of the real exchange rate and industrial policy," MERIT Working Papers 2020-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. de Souza, Joao Paulo A., 2014. "Growth Complementarity Between Agriculture and Industry: Evidence from a Panel of Developing Countries," UMASS Amherst Economics Working Papers 2014-11, University of Massachusetts Amherst, Department of Economics.
    8. Isha Gupta, 2022. "Land-constrained growth in a developing economy: A Kaldorian perspective," PSL Quarterly Review, Economia civile, vol. 75(302), pages 263-284.
    9. Joao Paulo A. de Souza, 2017. "Biased Technical Change in Agriculture and Industrial Growth," Metroeconomica, Wiley Blackwell, vol. 68(3), pages 549-583, July.
    10. Shouvik Chakraborty & Prabirjit Sarkar, 2020. "From The Classical Economists To Empiricists: A Review Of The Terms Of Trade Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1111-1133, December.

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