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Technology, structural change and BOP-constrained growth: a structuralist toolbox

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  • Mario Cimoli
  • Gabriel Porcile

Abstract

Latin American structuralism (LAS) is a significant part of the heterodox tradition in the theory of long-term growth, with a focus on the problems of developing economies that started their industrialisation process when other regions had already accumulated substantial technological capabilities. The emergence of a centre–periphery system posed specific problems to growth and distribution in laggard economies, which LAS discusses in a systematic way. In this paper we present a model that, first, captures key insights of the LAS school, such as the persistency of technological asymmetries and structural heterogeneity; second, it can be used to analyse the impacts of shocks and policies based on how they affect the supply-side and demand-side parameters of the model; third, it links more closely (post-)Keynesian macroeconomics based on the BOP constraint with the evolutionary microeconomics concerned with the dynamics of learning; last, it can be used as a toolbox and a teachable model in the analysis of interactions between structural change, technological catching up and long-term growth.

Suggested Citation

  • Mario Cimoli & Gabriel Porcile, 2014. "Technology, structural change and BOP-constrained growth: a structuralist toolbox," Cambridge Journal of Economics, Oxford University Press, vol. 38(1), pages 215-237.
  • Handle: RePEc:oup:cambje:v:38:y:2014:i:1:p:215-237.
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    File URL: http://hdl.handle.net/10.1093/cje/bet020
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    Citations

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    Cited by:

    1. Peter Leško & Elias Soukiazis & Eva Muchova, 2016. "Are the transition economies balance-of-payments constrained? An aggregate and multi-sector approach applied to Central and Eastern Europe," GEMF Working Papers 2016-04, GEMF, Faculty of Economics, University of Coimbra.
    2. Calá, Carla Daniela, 2014. "Regional issues on firm entry and exit in argentina: core and peripheral regions," Nülan. Deposited Documents 2023, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    3. Mario Cimoli & Jose Antonio Ocampo & Gabriel Porcile, 2017. "Choosing sides in the trilemma: international financial cycles and structural change in developing economies," LEM Papers Series 2017/26, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Fischer, A.M., 2017. "Dilemmas of externally financing domestic expenditures: Rethinking the political economy of aid and social protection through the monetary transformation dilemma," ISS Working Papers - General Series 629, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    5. Fischer, A.M., 2016. "Aid and the symbiosis of global redistribution and development: Comparative historical lessons from two icons of development studies," ISS Working Papers - General Series 618, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    6. Guarini, Giulio & Porcile, Gabriel, 2016. "Sustainability in a post-Keynesian growth model for an open economy," Ecological Economics, Elsevier, vol. 126(C), pages 14-22.
    7. Castillo, Mario & Martins, Antonio, 2016. "Premature deindustrialization in Latin America," Desarrollo Productivo 205, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. repec:nov:artigo:v:27:y:2017:i:1:p:7-34 is not listed on IDEAS
    9. Porcile, Gabriel & Sartorello Spinola, Danilo, 2018. "Natural, effective and BOP-constrained rates of growth: Adjustment mechanisms and closure equations," MERIT Working Papers 003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    10. Nishi, Hiroshi, 2016. "A multi-sectoral balance-of-payments-constrained growth model with sectoral heterogeneity," Structural Change and Economic Dynamics, Elsevier, vol. 39(C), pages 31-45.
    11. Cimoli, Mario & Martins, Antonio & Porcile, Gabriel & Sossdorf, Fernando, 2015. "Productivity, social expenditure and income distribution in Latin America," Desarrollo Productivo 201, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    12. João Prates Romero, 2018. "A Kaldor-Schumpeter Model Of Cumulative Growth: Combining Increasing Returns And Non-Price Competitiveness With Technological Catch-Up And Research Intensity," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 75, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    13. repec:eee:streco:v:44:y:2018:i:c:p:77-87 is not listed on IDEAS

    More about this item

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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