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A structuralist North-South model on structural change, economic growth and catching-up

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  • Botta, Alberto

Abstract

This paper presents a structuralist North-South model on structural change, industrialization and economic convergence. In a balance-of-payments-constrained macro-setting, we assume a cumulative process between industrialization and growth. Differently from the traditional post-Keynesian models, we endogenize the productive structure of developing countries. We enquire how industrialization affects uneven development and convergence processes. Multiple growth paths and a long-run path-dependent equilibrium emerge. Industrialization proves to be a necessary but not sufficient condition for catching-up. Good management by the domestic institutions of domestic industrialization is a complementary requirement.

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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 20 (2009)
Issue (Month): 1 (March)
Pages: 61-73

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Handle: RePEc:eee:streco:v:20:y:2009:i:1:p:61-73

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Web page: http://www.elsevier.com/locate/inca/525148

Related research

Keywords: Structural change Kaldorian cumulative causation North-South convergence;

References

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  1. Anthony Philip Thirlwall, 1979. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 32(128), pages 45-53.
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  14. Patrick Llerena & André Lorentz, 2004. "Cumulative Causation and Evolutionary Micro-Founded Technical Change. On the Determinants of Growth rate Differences," Revue économique, Presses de Sciences-Po, vol. 55(6), pages 1191-1214.
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  17. Nelson H. Barbosa Filho, 2004. "Growth, exchange rates and trade in Brazil: a structuralist post-Keynesian approach," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 14(2), pages 59-86, May-Augus.
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Citations

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Cited by:
  1. Cimoli, Mario & Porcile, Gabriel, 2011. "Technology, structural change and BOP constrained growth: A structuralist toolbox," MPRA Paper 33800, University Library of Munich, Germany.
  2. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
  3. Cimoli, Mario & Porcile, Gabriel, 2011. "Tecnologia, heterogeneidad y crecimiento: una caja de herramientas estructuralista
    [Technology, heterogeneity and Growth: A Structuralist Toolbox]
    ," MPRA Paper 33801, University Library of Munich, Germany.
  4. Fabrício Misso & Ricardo Araújo Azevedo & Frederico Jayme Jr, 2013. "An extended structural economic dynamics approach to balance-of-payments constrained growth: level of the real exchange rate and endogenous elasticities," Textos para Discussão Cedeplar-UFMG 499, Cedeplar, Universidade Federal de Minas Gerais.

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