Kaldorian cumulative causation

E210004

Kaldorian cumulative causation is an economic theory proposing that growth and industrial development are driven by self-reinforcing feedback loops, where initial advantages in productivity, demand, or exports lead to further gains and regional divergence.

All labels observed (2)

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Statements (50)

Predicate Object
instanceOf economic theory ⓘ
growth theory ⓘ
post-Keynesian theory ⓘ
assumes export performance affects growth ⓘ
increasing returns in the industrial sector ⓘ
non-linear growth dynamics ⓘ
productivity growth is endogenous to demand ⓘ
basedOnWorkOf Nicholas Kaldor ⓘ
contrastsWith convergence hypothesis ⓘ
neoclassical growth theory ⓘ
critiques assumption of automatic market convergence ⓘ
emphasizes circular and cumulative causation ⓘ
demand-led growth ⓘ
dynamic economies of scale ⓘ
export-led growth ⓘ
increasing returns to scale ⓘ
the interaction between productivity and demand ⓘ
the role of manufacturing in growth ⓘ
the role of productivity growth in competitiveness ⓘ
explains cumulative advantages of early industrializers ⓘ
divergent growth paths between countries ⓘ
persistent regional income disparities ⓘ
field economics ⓘ
hasCoreIdea economic growth is driven by self-reinforcing feedback loops ⓘ
growth processes can be path-dependent ⓘ
initial advantages in productivity or demand can lead to further gains ⓘ
regional divergence can result from cumulative processes ⓘ
historicalContext developed in the mid-20th century ⓘ
involves feedback from competitiveness to exports ⓘ
feedback from exports to output growth ⓘ
feedback from output growth to productivity ⓘ
feedback from productivity to competitiveness ⓘ
namedAfter Nicholas Kaldor ⓘ
predicts lock-in of regional advantages ⓘ
possible divergence between core and periphery regions ⓘ
relatedTo Kaldor's growth laws ⓘ
Verdoorn's law ⓘ
circular cumulative causation ⓘ
new economic geography ⓘ
post-Keynesian growth models ⓘ
regional growth theory ⓘ
subfield macroeconomics ⓘ
regional economics ⓘ
supportsPolicy active industrial policy ⓘ
export promotion strategies ⓘ
regional development policies ⓘ
usedIn development economics ⓘ
macroeconomic growth analysis ⓘ
regional economics ⓘ
structuralist development models ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nicholas Kaldor → notableIdea → Kaldorian cumulative causation ⓘ
Gunnar Myrdal → knownFor → theory of cumulative causation ⓘ
linked to: Kaldorian cumulative causation