Import and export ratios and the dynamic harrod trade multiplier

P.G. McGregor; J.K. Swales

Import and export ratios and the dynamic harrod trade multiplier

P.G. McGregor, J.K. Swales

Economics

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

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 language	English
Pages (from-to)	110-124
Number of pages	14
Journal	Oxford Economic Papers
Volume	35
Issue number	1
Publication status	Published - Mar 1983

Keywords

import
export
ratios
harrod trade multiplier
economics

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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{"}.",

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AB - 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".

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KW - export

KW - ratios

KW - harrod trade multiplier

KW - economics

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