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

Listed author(s):
  • Mario Cimoli

    ()

    (CEPAL e Universidad de Venecia)

  • Gabriel Porcile

    (CEPAL e Universidade Federal do Paraná)

The Latin American Structuralism (LAS) is a significant part of the heterodox tradition in the theory of long run growth, with a focus on the problems of developing economies which started their industrialization 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 presented a simple model which, firstly, captures key insights of the LAS school, such as the persistency of technological asymmetries and structural heterogeneity; secondly, it can be used to analyze the impacts of shocks and policies based on how they affect supply-side and demand side parameters of the model; thirdly, it links more closely (Post-) Keynesian macroeconomics based on the BOP constraint with the evolutionary microeconomics concerned with the dynamics of learning; lastly, it can be used as a toolbox and a teachable model in the analysis of the interactions between structural change, technological catching up and long run growth.

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File URL: http://www.economiaetecnologia.ufpr.br/textos_discussao/texto_para_discussao_ano_2011_texto_10.pdf
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Paper provided by Universidade Federal do Paraná, Department of Economics in its series Working Papers with number 0120.

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Length: 24 pages
Date of creation: 2011
Handle: RePEc:fup:wpaper:0120
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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