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.rights | Attribution-NonCommercial-NoDerivs 3.0 Ireland | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/3.0/ie/ | |
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 |
nui.item.downloads | 747 | |