SFB 303 Discussion Paper No. B - 12

Author: Krelle, Wilhelm
Title: A Multi-Country Multi-Sector Growth Model
Abstract: There are multisector growth models of the neoclassical kind (see e.g. Uzawa (1962), Inada (1964), H. König (1966), Krelle (1985)) as well as linear multisector models of the von Neumann- and of the Leontief type (see e.g. von Neumann (1945/46), Morishima (1969), Leontief (1953), Schumann (1968), Krelle (1985)). We also find dynamic models of international trade in the literature (see e.g. Gehrels (1975), Schittko (1976), Gabisch (1976), Stein (1984), Krelle (1985)).

Money has been introduced into neoclassical growth models (see e.g. Tobin (1965), Stein (1971), Brems (1980), Krelle (1985)). Capital flows and exchange rates have been explained (see e.g. Klein and Krelle (1983)).

But there is no theory which combines all these features and treats them simultaneously in a dynamic setting. In the following we present a theory of this kind.
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Creation-Date: 1985
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