Econometrica: Jan 1962, Volume 30, Issue 1
Economic Growth and the Theory of International Income Flows
Murray Brown, Ronald JonesTwo problems are posed within a matrix multiplier-accelerator framework. The first is to determine the conditions under which positive changes in levels of income accrue to all countries given an autonomous change in the income of one country. The second enquires into the effects of a once-over change in the structure of the trading system, such as war or industrialization programs, on the growth paths of all the trading countries.
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