An Empirical Test on Harrod’s Open Economy Dynamics
This paper has the objective to empirically test Harrod’s explanations of economic dynamics addressing both growth and business cycles. In particular we test Harrod’s speculation that opening the economy to foreign trade could lead to a reduction of cyclical instability. The main...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-06-01
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| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/7/6/524 |