Harrod-Domar Dilemma, Thirlwall’s Law and Green New Developmentalism

Chiara Grazini (), Giulio Guarini () and José Luis Oreiro ()

Brazilian Journal of Political Economy, 2024, vol. 44, issue 4, 679-697

Abstract: The article aims to address the ecological transition into a model that integratesthe Harrod-Domar Dilemma and the New Developmentalism according to a Green New Developmentalismperspective. To this end, this paper focuses on the green sides of the middleincomecountries’ traps by introducing a novel concept of the ecologically sustainable outputgrowth rate into the new developmentalism model developed by Oreiro (2023) to identify abalanced ecological growth path. Compensating for the price competitiveness losses produced by the exchange rate over-valuation, Ecological Structural Change and green financeallow for reversing the process of premature de-industrialization by improving the competitivenessof the manufacturing sector. JEL Classification: E12; Q56; Q57; O11; O44.

Keywords: Green New Developmentalism; ecological structural change; Harrod-Domar dilemma; Thirlwall’s law (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... ticle/view/2477/2409 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:44:y:2024:i:4:p:679-697:id:2477

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().