<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672023000400007</article-id>
<article-id pub-id-type="doi">10.22201/fe.01851667p.2023.326.86695</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Thirlwall On Harrod]]></article-title>
<article-title xml:lang="es"><![CDATA[Thirlwall sobre Harrod]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Pérez Caldentey]]></surname>
<given-names><![CDATA[Esteban]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Economic Commission for Latin America and the Caribbean  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<volume>82</volume>
<numero>326</numero>
<fpage>7</fpage>
<lpage>40</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672023000400007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672023000400007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672023000400007&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Tony Thirlwall considers Roy Harrod (1900-1978) one of the greatest economists of the 20th century and second, in originality, to Keynes among British economists. Along with Kaldor, Thirlwall recognized the superior analytical power of Harrod&#8217;s foreign trade multiplier over the Keynesian investment multiplier. The analysis of the impact of the balance of payments on countries&#8217; economic performance led him to formulate Thirlwall&#8217;s law. Thirlwall has underscored the generality of Harrod&#8217;s dynamic foreign trade multiplier by extending it to explain interregional growth rate differences. He has also provided greater consistency to Harrod&#8217;s dynamics by integrating the balance-of-payments equilibrium growth rate with Harrod&#8217;s warranted and natural growth rates. Abstracting from external sector considerations, Thirlwall has shown that the relation between the natural and warranted rates of growth is a useful pedagogic device for understanding the policy choices available to less developed countries.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Tony Thirlwall considera a Roy Harrod (1900-1978) uno de los más grandes economistas del siglo XX y segundo, en originalidad, a Keynes entre los economistas británicos. Junto con Kaldor, Thirlwall reconoció el poder analítico superior del multiplicador del comercio exterior de Harrod sobre el multiplicador de inversión keynesiano. El análisis del impacto de la balanza de pagos en el desempeño económico de los países le llevó a formular la ley de Thirlwall. Thirlwall ha subrayado la generalidad del multiplicador dinámico del comercio exterior de Harrod al extenderlo para explicar las diferencias entre las tasas de crecimiento interregionales. También ha proporcionado una mayor consistencia a la dinámica de Harrod al integrar la tasa de crecimiento de equilibrio de la balanza de pagos con las tasas de crecimiento garantizada y natural de Harrod. Abstrayéndose de las consideraciones del sector externo, Thirlwall ha demostrado que la relación entre las tasas de crecimiento natural y garantizada es un dispositivo pedagógico útil para comprender las opciones de política disponibles para los países menos desarrollados.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Roy Harrod]]></kwd>
<kwd lng="en"><![CDATA[foreign trade multiplier]]></kwd>
<kwd lng="en"><![CDATA[equilibrium balance-of-payments growth rate]]></kwd>
<kwd lng="en"><![CDATA[natural and warranted growth rates]]></kwd>
<kwd lng="en"><![CDATA[B22]]></kwd>
<kwd lng="en"><![CDATA[E32]]></kwd>
<kwd lng="en"><![CDATA[F41]]></kwd>
<kwd lng="en"><![CDATA[O11]]></kwd>
<kwd lng="en"><![CDATA[O40]]></kwd>
<kwd lng="es"><![CDATA[Roy Harrod]]></kwd>
<kwd lng="es"><![CDATA[multiplicador del comercio exterior]]></kwd>
<kwd lng="es"><![CDATA[tasa de crecimiento de equilibrio de la balanza de pagos]]></kwd>
<kwd lng="es"><![CDATA[tasas de crecimiento natural y garantizada]]></kwd>
<kwd lng="es"><![CDATA[B22]]></kwd>
<kwd lng="es"><![CDATA[E32]]></kwd>
<kwd lng="es"><![CDATA[F41]]></kwd>
<kwd lng="es"><![CDATA[O11]]></kwd>
<kwd lng="es"><![CDATA[O40]]></kwd>
</kwd-group>
</article-meta>
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