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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.

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Article provided by Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia. in its journal EconoQuantum, Revista de Economia y Negocios.

Volume (Year): 1 (2004)
Issue (Month): 1 (Julio-Diciembre)
Pages: 3-15

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Handle: RePEc:qua:journl:v:1:y:2004:i:1p:3-15
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  1. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
  2. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
  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, 06.
  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, 08.
  6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  7. Dutt, Amitava Krishna, 1992. "Conflict inflation, distribution, cyclical accumulation and crises," European Journal of Political Economy, Elsevier, vol. 8(4), pages 579-597, December.
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