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Troca intertemporal entre economias desenvolvidas e em desenvolvimento [Intertemporal trade between developed and less developed countries]

Author

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  • Marco Flávio da Cunha Resende

Abstract

Ricardian, ECLAC-UN (CEPAL) and Neo-Schumpeterian schools of Economic Thought assume that there are productivity differentials across economies. This paper intends to analyze the power of intertemporal trade neoclassical model to explain the less developed countries' intertemporal balance of payments solvency. Conclusions highlight the limits of the neoclassical model in explaining the intertemporal trade when productivity differentials across countries are assumed.

Suggested Citation

  • Marco Flávio da Cunha Resende, 2003. "Troca intertemporal entre economias desenvolvidas e em desenvolvimento [Intertemporal trade between developed and less developed countries]," Textos para Discussão Cedeplar-UFMG td201, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td201
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20201.pdf
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    More about this item

    Keywords

    intertemporal trade; productivity; less developed countries;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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