Regional problems are "balance-of payments" problems

Thirlwall, Anthony P. (2007) Regional problems are "balance-of payments" problems. Regional Studies, 41 (1). S89 -S95. ISSN 0034-3404 . (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)

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A demand-oriented model of regional growth and unemployment is developed in which it is argued that regional problems of slow growth and high unemployment are, in essence, balance-of-payments problems stemming from a weak trading sector, working through the Harrod trade multiplier. The model contrasts with the supply orientated models of neoclassical theory with their stress on factor supplies and productivity growth, apparently exogenously given and independent of demand. The model is in the Keynesian spirit, with supply adjusting to demand through factor mobility and with exports as the major component of autonomous regional demand

Item Type: Article
Uncontrolled keywords: Harrod trade multiplier; regional growth; balance of payments problems; unemployment; demand orientated model
Subjects: G Geography. Anthropology. Recreation
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Jane Griffiths
Date Deposited: 26 Jun 2008 11:08
Last Modified: 10 Jun 2014 07:54
Resource URI: (The current URI for this page, for reference purposes)
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