Transfers in a North‐South Growth Model

Lynn Mainwaring

Scottish Journal of Political Economy, 1998, vol. 45, issue 5, 592-603

Abstract: The possibility of immiserizing growth is explored in a non‐Neoclassical North‐South model having formal similarities to Goodwin's growth‐cycle model. Because of the the ‘engine‐of‐growth’ property of the Northern economy, a redistribution in favour of the South is beneficial to that region only in the short run but will harm both regions in the long run.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:45:y:1998:i:5:p:592-603

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