He could have further elaborated his thesis on Verdoorn's law by explicitly taking into account his (Kaldor, 1972) Keynesian elaboration of Young's cumulative causation
In light of this assertion, we have tried to represent in one single model the most relevant implications of this interrelationship, namely the influence of technology in determining the competitive position of countries, the capacity of the foreign constraint to condition the growth rates of countries, and the existence of cumulative causation
mechanisms, which guarantee the continuity of such a growth process within the competitive framework of the 12 countries during the period 1969 to 1994.
However, as this occurs, so the moving firms create their own forward and backward linkages, and this makes it more attractive for subsequent firms to move, and so on, creating a process of cumulative causation
The migrant workers' entry into the construction labour market is assisted by the phenomenon of cumulative causation
. There are two processes of cumulative causation
at work in the construction labour market in Goa.
The third is a theory of social change, and one which builds in the principle of circular and cumulative causation
. Finally, Myrdal's `theory of social change was shaped by his conception of the socio-economic reality, human behavior, and history.
History, or some small chance event, may have started activity in a location, and cumulative causation
then set in, leading to a concentration of activity.
Chapter 7 presents various export-led growth models, while Chapter 8 investigates regional problems and cumulative causation
. Regional problems of slow growth and unemployment may be highly correlated with balance-of-payments problems.
Forty years ago, the great development economists Albert Hirschman and Gunnar Myrdal were writing about circular and cumulative causation
, and about backwash and spread effects.
The ideas of cumulative causation
and the macro-externality of demand have been used by post Keynesian economists |1~ to explain the tempo of economic activity.