THE SLOWDOWN IN US ECONOMIC-GROWTH - A COMMENT

Authors
KING A ALEXANDER R
Citation
A. King et R. Alexander, THE SLOWDOWN IN US ECONOMIC-GROWTH - A COMMENT, Applied economics letters, 3(3), 1996, pp. 185-186
Citations number
4
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
3
Issue
3
Year of publication
1996
Pages
185 - 186
Database
ISI
SICI code
1350-4851(1996)3:3<185:TSIUE->2.0.ZU;2-U
Abstract
In a recent paper in this journal, Atesoglu argued that the reduction in the rate of economic growth in the United States since 1973 was lar gely due to an increase in the income elasticity of demand for imports , following Thirlwall's law. The purpose of this paper is to show that the evidence presented in support of this conclusion is subject to a serious flaw.