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A multi-sectoral approach to the Harrod foreign trade multiplier

Trigg, Andrew B and Araujo, Ricardo Azevedo (2018). A multi-sectoral approach to the Harrod foreign trade multiplier. European Journal of Economics and Economic Policies: Intervention, 15(1) pp. 91–104.

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With this inquiry, we seek to develop a multi-sectoral version of the static Harrod foreign trade multiplier, by showing that it can be derived from an extended version of the Pasinettian model of structural change and international trade. This new version highlights the connections between the balance-of-payments and levels of employment and production. It is also shown that from this disaggregated version of the Harrod foreign multiplier we can derive an aggregate version of the multiplier. By following this approach we go a step further in establishing the connections between the Structural Economic Dynamic and Balance-of-Payments Constrained Growth approaches.

Item Type: Journal Item
Copyright Holders: 2018 Edward Elgar
ISSN: 2052-7764
Project Funding Details:
Funded Project NameProject IDFunding Body
Not SetNot SetThe Open University (OU)
Keywords: structural economic dynamics; foreign trade multiplier; balance-of-payments constrained growth
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Related URLs:
Item ID: 57637
Depositing User: Andrew Trigg
Date Deposited: 15 Nov 2018 09:03
Last Modified: 07 Aug 2019 20:13
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