Thirlwall’s Law and Uneven Development

Amitava Dutt

Journal of Post Keynesian Economics, 2002, vol. 24, issue 3, 367-390

Abstract: Thirlwall’s analysis of balance-of-payments–constrained growth, and what has come to be called Thirlwall’s Law, have usually been used to understand the determinants of growth for individual countries. This paper argues that another important use of Thirlwall’s Law is to understand the mechanics of uneven development between rich and poor countries. To contribute to such an analysis the paper incorporates Thirlwall’s analysis into a model of North–South trade to show how it explains uneven development. The paper also points to the needfor empirical work necessary for relating Thirlwall’s Law to uneven development, which is different from the work related to the law that has proliferated in recent years.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2002.11490331 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:24:y:2002:i:3:p:367-390

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2002.11490331

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().