EconPapers    
Economics at your fingertips  
 

Cambridge Distribution in a World Economy

Joan O’Connell

Journal of Income Distribution, 1999, vol. 08, issue 2, 4-4

Abstract: The article outlines a two-country Cambridge model of growth and distribution. The condition for the Cambridge equation to apply to the world economy is outlined. When this is satisfied, a dual theorem holds in one of the two countries, and the country with the greater aggregate savings ratio is in current account surplus. The original Cambridge model was formulated as a means of equating the warranted and natural growth rates of both Harrod and Domar for the case of a closed economy. Thus, the world version is a method of satisfying Harrod’s requirement that his model be capable of extension so as to include foreign trade.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jid.journals.yorku.ca/index.php/jid/article/view/626 (application/pdf)
Some fulltext downloads are only available to subscribers. See JID website for details.

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:jid:journl:y:1999:v:08:i:2:p:4-4

Access Statistics for this article

More articles in Journal of Income Distribution from Ad libros publications inc. Contact information at EDIRC.
Bibliographic data for series maintained by Timm Boenke ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-19
Handle: RePEc:jid:journl:y:1999:v:08:i:2:p:4-4