This paper extends a Steindlian model of growth and income distribution to incorporate borrowing by consumers. It shows that borrowing by consumers can improve growth prospects in the short run by increasing consumer demand. However, in the longer run the effects of increasing consumer borrowing...

This paper examines the implications of intersectoral capital mobility in a simple formalization of N. Kaldor's model of growth and development which examines the dynamic interaction between an agricultural and an industrial sector. Capital flows are first assumed to respond to market incentives...