Un modelo estructuralista de desarrollo sostenible

Gabriel Porcile ()

Documentos de trabajo from Programa de Historia Económica, FCS, Udelar

Abstract: This paper presents a simple analytical framework that combines the three dimensions of sustainable development: the economic dimension (competitiveness based on technical progress and productive diversification), social (a significant fall in inequality) and environmental (decoupling growth from emissions). The point of departure is a structuralist model of BOPconstrained growth; it is discussed how structural transformation relates to the functional distribution of income; and a center-periphery environmental frontier is proposed to define the space for growth in center and periphery that is compatible with reducing CO2 emissions. Sustainable development is attained when the BOP-constrained growth lies on the environmental frontier and equals the rate of growth required for curbing inequality. In addition, it is argued that there are no endogenous market forces that could lead to this convergence, and multiple equilibria are possible. The equilibrium eventually selected depends on institutions and on (domestic and foreign) actors’ political power.

Keywords: sustainable development; BOP constrained growth; productive diversification; technical progress (search for similar items in EconPapers)
JEL-codes: O1 O11 Q56 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2021-09
New Economics Papers: this item is included in nep-ban, nep-ene and nep-env
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https://hdl.handle.net/20.500.12008/29457

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Persistent link: https://EconPapers.repec.org/RePEc:ude:doctra:67

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