Is the natural rate of growth exogenous?A comment
DOI:
https://doi.org/10.13133/2037-3643/9909Keywords:
GrowthAbstract
The authors comment a recent paper (Leon-Ledesma and Thirlwall 2000 – from now on LLT) in which an interesting issue is raised concerning the notion of the natural rate of growth, first proposed by Sir Roy Harrod (1939).
JEL Codes: O41, O47
References
HARROD, R. (1939), An essay in dynamic theory, Economic Journal, March, pp. 14-33.
LEON-LEDESMA, M. and A.P. THIRLWALL (2000), Is the natural rate of growth exogenous?, Banca Nazionale del Lavoro Quarterly Review, December, pp. 433-45.