El modelo de crecimiento de Harrod y la ley de Thirlwall aplicado para chile (1970-2003)

Abstract

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