This paper derives a balance-of-payments equilibrium growth rate analogous to Thirlwall's Law from a Pasinettian multi-sector macrodynamic framework. The resulting formula, which we call the Multi-Sectoral Thirlwall's Law, asserts that a country's growth rate of per capita income is directly...

Focusing on the interindustry aspect of the structural economic dynamics (SED) to yield a non-autarchic perspective to the vertically integrated sectors (VIS), we go a step further in establishing that productivity growth at the industry level is transmitted via inter and intra-sectoral...