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Cambridge Distribution in a World Economy

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dc.contributor.author O'Connell, Joan en
dc.date.accessioned 2010-06-25T08:43:28Z en
dc.date.available 2010-06-25T08:43:28Z en
dc.date.issued 1999 en
dc.identifier.citation O'Connell, J. (1999) "Cambridge Distribution in a World Economy"(Working Paper No. 0042) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri http://hdl.handle.net/10379/1165 en
dc.description.abstract The paper outlines a two-country Cambridge model of growth and distribution. The condition for the Cambridge equation to apply to the world economy is outlined. When this is satisfied, a dual theorem holds in one of the two countries, and the country with the greater aggregate savings ratio is in current account surplus. The original Cambridge model was formulated as a means of equating the warranted and natural growth rates of Harrod (1939) and Domar (1946) for the case of a closed economy. Thus, the world version is a method of satisfying Harrod's requirement that his model be capable of extension so as to include foreign trade. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.subject Economics en
dc.subject Distribution en
dc.subject Growth en
dc.subject Balance-of-Payments en
dc.title Cambridge Distribution in a World Economy en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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