International Debts and Deficits: A Kaldor-Pasinetti Model


Three solutions have been proposed to the problem of reconciling Harrod’s ‘warranted’ rate of growth with the ‘natural’ rate of growth of the effective labor force so as to maintain full employment in long period equilibrium.1


Interest Rate Home Country Trade Balance Interest Payment Foreign Asset 
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Copyright information

© Edward J. Nell and Willi Semmler 1991

Authors and Affiliations

  • H. Gram

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