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Kaldor's 1970 Regional Growth Model Revisited

Thirlwall, A.P. (2014) Kaldor's 1970 Regional Growth Model Revisited. Scottish Journal of Political Economy, 61 (4). pp. 341-347. ISSN 0036-9292. (doi:10.1111/sjpe.12048) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1111/sjpe.12048

Abstract

Kaldor's 1970 paper ‘The Case for Regional Policies’ was republished in the 60th anniversary volume of the Scottish Journal of Political Economy. This article reflects on the model after more than 40 years, and argues that although it has been criticized for its deterministic nature, it has lost none of its relevance. It predates the ideas of so-called ‘new’ growth theory, and the new economic geography of Krugman, and provides at least a partial explanation of why growth rates and levels of per capita income between regions and between countries can continue to persist and even widen in contrast to the predictions of orthodox equilibrium theory.

Item Type: Article
DOI/Identification number: 10.1111/sjpe.12048
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Lisa Jones
Date Deposited: 12 Jul 2016 13:56 UTC
Last Modified: 08 Feb 2020 04:08 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/56265 (The current URI for this page, for reference purposes)
Thirlwall, A.P.: https://orcid.org/0000-0002-1661-2218
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