IDEAS home Printed from
   My bibliography  Save this article

Devaluation, Conflict Inflation and Endogenous Growth in a Small Open Economy


  • Jose Antonio Cordero

    () (Universidad de Costa Rica)


Este articulo trata de formalizar alguna de las ideas de Kaldor, acerca del crecimiento endogeno, como resultado de un proceso de causalidad acumulativa. En el contexto de una economia abierta pequena, la tasa de crecimiento de esta economia es determinada por la demanda efectiva, con el deficit comercial que se ajusta para eliminar exceso de demanda en el mercado de bienes. Por otro lado la tasa de salario y la tasa de devaluacion son conducidos por un conflicto distribucional.

Suggested Citation

  • Jose Antonio Cordero, 2004. "Devaluation, Conflict Inflation and Endogenous Growth in a Small Open Economy," EconoQuantum, Revista de Economia y Negocios, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 1(1), pages 3-15, Julio-Dic.
  • Handle: RePEc:qua:journl:v:1:y:2004:i:1p:3-15

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Dutt, Amitava Krishna, 1992. "Conflict inflation, distribution, cyclical accumulation and crises," European Journal of Political Economy, Elsevier, vol. 8(4), pages 579-597, December.
    3. A.K.Dutt, 1986. "Growth, distribution and technological change," Textos para discussão 132, Department of Economics PUC-Rio (Brazil).
    4. Thomas I. Palley, 1997. "Aggregate Demand and Endogenous Growth: a Generalized Keynes-Kaldor Model of Economic Growth," Metroeconomica, Wiley Blackwell, vol. 48(2), pages 161-176, June.
    5. Jose Antonio Cordero, 2002. "A Model of Growth and Conflict Inflation for a Small Open Economy," Metroeconomica, Wiley Blackwell, vol. 53(3), pages 261-289, August.
    6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Cimoli, Mario & Lima, Gilberto Tadeu & Porcile, Gabriel, 2016. "The production structure, exchange rate preferences and the short-run—Medium-run macrodynamics," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 13-26.

    More about this item


    Effective demand; distributional conflict and Technical progress function;

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qua:journl:v:1:y:2004:i:1p:3-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sandra Ivett Portugal Padilla). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.