Import and export ratios and the dynamic harrod trade multiplier

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Abstract

IN a recent article in this journal, Kennedy and Thirlwall (1979) comment on a letter from Kaldor (1977) published in The Times. In this letter, Kaldor criticised Wells and Imber (1977, p. 80) for interpreting a rise in the ratio of manufactured imports to manufactured outputs, accompanied by a similar rise in the ratio of manufactured exports to manufactured outputs, as being caused by " . . . the trend of world trade, a feature of which has been increasing international specialisation".
Original languageEnglish
Pages (from-to)110-124
Number of pages14
JournalOxford Economic Papers
Volume35
Issue number1
Publication statusPublished - Mar 1983

Keywords

  • import
  • export
  • ratios
  • harrod trade multiplier
  • economics

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