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National innovation system, competitiveness and economic growth

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  • Marco Flávio da Cunha Resende

    (Cedeplar-UFMG)

  • Daniela Almeida Raposo Torres

    (Cedeplar-UFMG)

Abstract

Differences in income-elasticities of imports and exports among countries bring about distinct degrees of external constraints to growth. This argument has been pointed out by Prebisch and by authors in the Kaldorian tradition. Prebisch’s explanations for this phenomenon relate to the differences in international insertion between agrarian / peripheral and industrial / central economies. Kaldorian authors, in turn, refer to Prebisch only to explain why such elasticities differ between products and between countries. However, even after undergoing industrialization processes, several economies still face external constraints to growth. The aim of this paper is to explain differences in trade elasticities among industrial economies. Therefore, it intends to demonstrate, by using the Neo-Schumpeterian literature, the causal relations between the development of a National Innovation System, the differences in income-elasticities of imports and exports, the degree of competitiveness and the degree of external vulnerability of an economy.

Suggested Citation

  • Marco Flávio da Cunha Resende & Daniela Almeida Raposo Torres, 2008. "National innovation system, competitiveness and economic growth," Textos para Discussão Cedeplar-UFMG td325, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td325
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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20325.pdf
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    References listed on IDEAS

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    1. Marco Crocco, 2002. "The concept of degrees of uncertainty in Keynes, Shackle, and Davidson," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 12(2), pages 11-28, July-Dece.
    2. Oliveira, Francisco H.P. & Jayme, Frederico Jr. & Lemos, Mauro B., 2006. "Increasing returns to scale and international diffusion of technology: An empirical study for Brazil (1976-2000)," World Development, Elsevier, vol. 34(1), pages 75-88, January.
    3. Holland, Márcio & Vieira, Fabrício de Assis C., 2008. "Crescimento econômico secular no Brasil, modelo de Thirlwall e termos de troca," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 33, pages 1-30, August.
    4. Dosi, Giovanni, 1988. "Institutions and Markets in a Dynamic World," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(2), pages 119-146, June.
    5. J.S.L. McCombie & Mark Roberts, 2002. "The Role of the Balance of Payments in Economic Growth," Chapters,in: The Economics of Demand-Led Growth, chapter 6 Edward Elgar Publishing.
    6. Bernardes, Americo Tristao & Albuquerque, Eduardo da Motta e, 2003. "Cross-over, thresholds, and interactions between science and technology: lessons for less-developed countries," Research Policy, Elsevier, vol. 32(5), pages 865-885, May.
    7. Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
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    Cited by:

    1. Solange Gomes Leonel & Sylvia Ferreira Marques & Ester Carneiro do Couto Santos & Marco Flávio da Cunha Resende, 2013. "Understanding financial innovation systems: Veblen and Minsky at the periphery," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 93-105.

    More about this item

    Keywords

    national innovation system; competitiveness; external vulnerability;

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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