A Kaldorian approach to catch up and structural change in economies with high degree of heterogeneity

Autor:	Feijo, Carmem Aparecida, Lamonica, Marcos Tostes
Rok vydání:	2013
Předmět:	lcsh:HB1-3840 structural change structural change technological progress industrialization external restriction industrialization lcsh:Economic theory. Demography jel:O11 external restriction O14 O11 F43 lcsh:Political science jel:F43 jel:O14 technological progress lcsh:J
Zdroj:	PSL Quarterly Review, Vol 66, Iss 265, Pp 107-135 (2013)
Popis:	This paper, based on Kaldor’s main contributions, discusses the specificities in the catch up process of developing economies with high degree of structural heterogeneity. The theoretical model developed shows that developing economies, when modernizing the domestic versus external stock of capital, can reduce the technological gap and thus obtain a faster growth rate without producing disequilibrium in the balance of payments in the long run. As income distribution explains the incentive to the introduction of innovations through capital accumulation, the model is well succeed in connecting capital accumulation, income distribution, technological gap and long term external constraint. We conclude that capital accumulation, under certain circumstances, can overcome external constraint if the accumulation effort promotes structural change increasing the importance of sectors more technological-intensive. JEL Codes: O14, O11, F43 PSL Quarterly Review, V. 66, N. 265 (2013)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8f06241de74c467659a356a928117614 http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10167/10299 Zobrazit plný text záznamu