IDEAS home Printed from https://ideas.repec.org/a/rei/ecoins/v7y2005i13p101-132.html
   My bibliography  Save this article

Del filo de la navaja a la cáscara de nuez: un nuevo examen de la dinámica de Harrod

Author

Listed:
  • Álvaro Martin Moreno Rivas

    (Universidad Externado de Colombia)

Abstract

Harrod’s research program was the first to integrate the central ideas of “magnum dynamics” into a mechanical framework of vector forces to endogenously explain cycles and growth. Mathematical economists ignored these points and Harrod’s original work was presented in textbooks as the Harrod-Domar growth model. The aim of this paper is to present Harrod’s dynamic and show that his real aim was to build a non linear cyclic growth model.

Suggested Citation

  • Álvaro Martin Moreno Rivas, 2005. "Del filo de la navaja a la cáscara de nuez: un nuevo examen de la dinámica de Harrod," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 7(13), pages 101-132, July-Dece.
  • Handle: RePEc:rei:ecoins:v:7:y:2005:i:13:p:101-132
    as

    Download full text from publisher

    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/amoreno13.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Edward J. Nell & Willi Semmler (ed.), 1991. "Nicholas Kaldor and Mainstream Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-10947-0, October.
    2. Daniele Besomi, 2000. "On the Spread of an Idea: The Strange Case of Mr. Harrod and the Multiplier," History of Political Economy, Duke University Press, vol. 32(2), pages 347-380, Summer.
    3. R. F. Harrod, 1934. "Doctrines of Imperfect Competition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 48(3), pages 442-470.
    4. A. Shaikh, 1991. "Wandering Around the Warranted Path: Dynamic Nonlinear Solutions to the Harrodian Knife-Edge," Palgrave Macmillan Books, in: Edward J. Nell & Willi Semmler (ed.), Nicholas Kaldor and Mainstream Economics, chapter 18, pages 320-334, Palgrave Macmillan.
    5. Daniele Besomi, 1997. "Statics and dynamics in harrod's trade cycle," Review of Political Economy, Taylor & Francis Journals, vol. 9(2), pages 181-209.
    6. Luis Lorente, 2004. "Modelos de crecimiento. Una interpretación keynesiana," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    7. Robinson, Joan, 1970. "Harrod after Twenty-one Years," Economic Journal, Royal Economic Society, vol. 80(319), pages 731-737, September.
    8. Daniele Besomi, 1996. "An Additional Note on the Harrod-Keynes Correspondence," History of Political Economy, Duke University Press, vol. 28(2), pages 281-294, Summer.
    9. Ragnar Frisch, 1936. "On the Notion of Equilibrium and Disequilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 3(2), pages 100-105.
    10. Jamee K. Moudud, 2002. "State Policies and the Warranted Growth Rate," Economics Working Paper Archive wp_349, Levy Economics Institute.
    11. A. Asimakopulos, 1985. "Harrod on Harrod: The Evolution of ‘a Line of Steady Growth’," History of Political Economy, Duke University Press, vol. 17(4), pages 619-635, Winter.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Soro, Bruno, 2012. "Harrod, Kaldor, and the Idea of the "Foreign Trade Multiplier” - Harrod, Kaldor e l’idea dell’esistenza di un “moltiplicatore del commercio estero”," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(1), pages 173-187.
    2. Jamee K. Moudud, 2000. "Finance in a Classical and Harrodian Cyclical Growth Model," Macroeconomics 0004036, University Library of Munich, Germany.
    3. Nikolaos, Chatzarakis & Tsaliki, Persefoni, 2021. "The dynamics of capital accumulation in Marx and Solow," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 148-158.
    4. Olivier Bruno & Muriel Dal-Pont Legrand, 2014. "The instability principle revisited: an essay in Harrodian dynamics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(3), pages 467-484, June.
    5. Jamee K. Moudud, 2000. "Harrod versus Thirlwall: A Reassessment of Export-Led Growth," Macroeconomics 0012002, University Library of Munich, Germany.
    6. Anwar Shaikh, 2009. "Economic Policy In A Growth Context: A Classical Synthesis Of Keynes And Harrod," Metroeconomica, Wiley Blackwell, vol. 60(3), pages 455-494, July.
    7. Mark Knell & Simone Vannuccini, 2022. "Tools and concepts for understanding disruptive technological change after Schumpeter," Jena Economics Research Papers 2022-005, Friedrich-Schiller-University Jena.
    8. Marc Lavoie & Gabriel Rodriguez & Mario Seccareccia, 2004. "Similitudes and Discrepancies in Post-Keynesian and Marxist Theories of Investment: A Theoretical and Empirical Investigation," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 127-149.
    9. Hoon, Hian Teck & Phelps, Edmund S., 2007. "A structuralist model of the small open economy in the short, medium and long run," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 227-254, June.
    10. Sala, Luca & Söderström, Ulf & Trigari, Antonella, 2008. "Monetary policy under uncertainty in an estimated model with labor market frictions," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 983-1006, July.
    11. Araujo, Ricardo Azevedo, 2013. "Cumulative causation in a structural economic dynamic approach to economic growth and uneven development," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 130-140.
    12. Tamotsu Onozaki, 2018. "Nonlinearity, Bounded Rationality, and Heterogeneity," Springer Books, Springer, number 978-4-431-54971-0, December.
    13. M. Lopreite, 2012. "The endogenous money hypothesis and securitization: the Euro area case (1999-2010)," Economics Department Working Papers 2012-EP02, Department of Economics, Parma University (Italy).
    14. Agnès Labrousse & Sandrine Michel, 2017. "Accumulation regimes," Post-Print hal-01719977, HAL.
    15. Marc Lavoie & Wynne Godley, 2000. "Kaleckian Models of Growth in a Stock-Flow Monetary Framework: A Neo-Kaldorian Model," Economics Working Paper Archive wp_302, Levy Economics Institute.
    16. Douglas, Niall Edward, 2006. "Explain ‘conjectural variation’ in Cournot duopoly, evaluate its impacts and discuss the policy implication," MPRA Paper 13652, University Library of Munich, Germany.
    17. Stavroula DIMKOU & George MAKRIS, 2017. "Financial Sector And Growth Process In South-Eastern Europe'S Former Socialist Countries: Could A Kaldorian Cumulative Causation Approach Help To Better Understand The Links Between Them?," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 16(1), pages 60-73.
    18. Léo MALHERBE, 2017. "Endogenous money: an heterodox synthesis (In French)," Cahiers du GREThA 2017-08, Groupe de Recherche en Economie Théorique et Appliquée.
    19. Brian Tew, 1999. "Kalecki's ''Essays in the Theory of Economic Fluctuations''," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 273-282.
    20. Martin Angerer & Juergen Huber & Martin Shubik & Shyam Sunder, 2010. "An economy with personal currency: theory and experimental evidence," Annals of Finance, Springer, vol. 6(4), pages 475-509, October.

    More about this item

    Keywords

    Harrod; dynamic theory; non linear cyclic growth;
    All these keywords.

    JEL classification:

    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rei:ecoins:v:7:y:2005:i:13:p:101-132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paola Rodríguez (email available below). General contact details of provider: https://edirc.repec.org/data/feextco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.