Abstract
A demand and supply model of economic growth has been developed. By means of this model a number of characteristics of the growth process have been investigated. Special attention has been given to the causes and consequences of growth disequilibria and the determinants of income distribution. The analysis leads to the conclusion that three growth situations must be distinguished: output is restricted by effective demand, by effective supply, and by the size of the labour force. The causes of growth disequilibria and the determinants of income distribution differ in each of these three cases. In this respect the model is more general than traditional post-keynesian, neo-keynesian and neo-classical growth models. © 1973 Kluwer Academic Publishers.
| Original language | English |
|---|---|
| Pages (from-to) | 553-608 |
| Number of pages | 56 |
| Journal | De Economist |
| Volume | 121 |
| Issue number | 6 |
| DOIs | |
| Publication status | Published - 1973 |