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Transfers in a North‐South Growth Model

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  • Lynn Mainwaring

Abstract

The possibility of immiserizing growth is explored in a non‐Neoclassical North‐South model having formal similarities to Goodwin's growth‐cycle model. Because of the the ‘engine‐of‐growth’ property of the Northern economy, a redistribution in favour of the South is beneficial to that region only in the short run but will harm both regions in the long run.

Suggested Citation

  • Lynn Mainwaring, 1998. "Transfers in a North‐South Growth Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(5), pages 592-603, November.
    • Handle: RePEc:bla:scotjp:v:45:y:1998:i:5:p:592-603
    DOI: 10.1111/1467-9485.00114
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    References listed on IDEAS

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