El modelo de crecimiento de harrod y la ley de thirlwall aplicado para Venezuela (1970-2003)

Abstract

Economic growth is a primary objective of today's states because it is the basis for development in open contexts where free agents are free to act. because it is the basis for development in open contexts, where free agents require inputs and resources for their activities. and resources for their activities. Thus, the quest for growth has occupied the efforts of several theorists, including the following theorists, including Harrod and Thirlwall, who analyze the phenomenon from its determinants. from the point of view of its determinants. Harrod, the first author on whom the present study is based, focuses on productivity based on the productivity based on technological reconversion, which guarantees higher units per capital investment investment in capital described under the marginal capital-product ratio, variable that is defined at the level of the productive system and, therefore, of the internal economy. internal economy. Thirlwall, the second author reviewed, considers that growth is circumscribed to the dynamics of foreign trade. dynamics of foreign trade, since in open economies, international supply and demand condition the true international supply and demand condition the actual levels of flows of goods and services. services.