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Implicit reciprocity and growth in the international economy: A structuralist perspective

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  • Mario Cimoli
  • Gabriel Porcile
  • Guilherme Souza e Silva

Abstract

This paper discusses some of the structuralist ideas about international coordination and growth in an international system formed by countries whose productive structures and technological capabilities are strongly asymmetric. These ideas are formalized taking as a point of departure the Keynesian Balance-of-Payments constrained growth model with two countries. To this model is added a function (based on the catching up literature) in which the income elasticity of the demand for exports and imports depends on the technology gap. The model allows for discussing the inter-relations between the fiscal and the industrial and technological policies. It also allows for finding the rate of growth of autonomous expenditure in the periphery which ensures that it will use all the foreign exchange it earns in promoting economic growth (the principle of “automatic reciprocity”). JEL Classification: F41; F43; O54

Suggested Citation

  • Mario Cimoli & Gabriel Porcile & Guilherme Souza e Silva, 2012. "Implicit reciprocity and growth in the international economy: A structuralist perspective," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(2), pages 188-204.
  • Handle: RePEc:ekm:repojs:v:32:y:2012:i:2:p:188-204:id:348
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    More about this item

    Keywords

    structuralist macroeconomics; economic growth; innovation and technologic diffusion;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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