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About Dixon - Thirlwall - Cumulative Causation Model
This document summarizes key concepts from a lecture on regional economic growth models, including: 1) The export-led growth model examines how external demand for a region's exports can drive growth by increasing demand for labor and capital, leading to cumulative growth over time as downstream industries emerge. 2) Criticisms of this basic model include that it ignores the roles of entrepreneurship and government policy in driving growth. 3) The Kaldor-Thirlwall-Dixon model of cumulative causation seeks to address these limitations by emphasizing how growth improves productivity and competitiveness in a self-reinforcing cycle.
Detailed Information
| Author: | ['vali75'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 13 |
| Language: | English |
| Format: | |
| Price: | FREE |
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