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Keynesian and schumpeterian efficiency in a BOP-constrained growth model

Author

Listed:
  • Eva Catela

    (Department of Economics, Universidade Federal de Santa Catarina)

  • Gabriel Porcile

    (Department of Economics, Universidade Federal do Paraná)

Abstract

The paper aims to contribute to the debate on specialization and growth in two forms. Firstly, it develops a North-South model in which the ratio between the income elasticity of exports and imports in the South (that gives the rate of growth compatible with external equilibrium) depends on the Keynesian and Schumpeterian efficiency of the pattern of specialization, as defined by Dosi et al (1990). The model draws on key insights of the technology gap literature to discuss how these efficiencies are related to the dynamics of technological learning. Secondly, the model is tested including the variables Keynesian and Schumpeterian efficiency in a Keynesian growth regression. Several estimation procedures are used to test the model, among which Finite Mixture Estimation, which allows for estimating the parameters for homogenous groups of countries.

Suggested Citation

  • Eva Catela & Gabriel Porcile, 2010. "Keynesian and schumpeterian efficiency in a BOP-constrained growth model," Working Papers 0104, Universidade Federal do Paraná, Department of Economics.
  • Handle: RePEc:fup:wpaper:0104
    Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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    File URL: http://www.economiaetecnologia.ufpr.br/textos_discussao/texto_para_discussao_ano_2010_texto_08.pdf
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    References listed on IDEAS

    as
    1. Luis Bértola & Hermes Higachi & Gabriel Porcile, 2002. "Balance-of-payments-constrained growth in Brazil: a test of Thirlwall's Law, 1890-1973," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(1), pages 123-140.
    2. Juan Carlos Moreno-Brid, 2003. "Capital Flows, Interest Payments and the Balance-of-Payments Constrained Growth Model: A Theoretical and Empirical Analysis," Metroeconomica, Wiley Blackwell, vol. 54(2-3), pages 346-365, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mario Cimoli & Wellington Pereira & Gabriel Porcile & Fábio Scatolin, 2011. "Structural change, technology, and economic growth: Brazil and the CIBS in a comparative perspective," Economic Change and Restructuring, Springer, vol. 44(1), pages 25-47, April.
    2. 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).
    3. repec:eee:streco:v:44:y:2018:i:c:p:77-87 is not listed on IDEAS

    More about this item

    Keywords

    Schumpeterian efficiency; keynesian efficiency; balance-of-payments-constrained growth; Thirlwall's Law;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • 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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