AN EXPLANATION OF THE SLOWDOWN IN US ECONOMIC-GROWTH

被引:18
作者
ATESOGLU, HS
机构
[1] School of Management, Clarkson University, Potsdam
来源
APPLIED ECONOMICS LETTERS | 1995年 / 2卷 / 04期
关键词
D O I
10.1080/758529809
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper provides a Keynesian account of the slowdown in the United States economic growth as suggested by the growth model of Thirlwall. According to Thirlwall's model, economic growth is determined by the dynamic Harrod foreign trade multiplier. This multiplier relation indicates that the fall in the rate of economic growth has been brought about mainly by an increase in the income elasticity of demand for imports.
引用
收藏
页码:91 / 94
页数:4
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