EconPapers    
Economics at your fingertips  
 

Cumulative causation in a structural economic dynamic approach to economic growth and uneven development

Ricardo Araujo ()

Structural Change and Economic Dynamics, 2013, vol. 24, issue C, 130-140

Abstract: A structural economic dynamic approach is distinguishable by its simultaneous considerations of supply and demand and their related effects wielded upon economic growth. However, properly considering cumulative causation requires a special framework for more fully accounting for technological progress, and not leaving it as simply exogenous. With this inquiry dimensions of Verdoorn's Law are selectively embedded in Pasinetti's multi-sector model, thus allowing us to better consider cumulative causation through rendering structural changes endogenous. In this setup, reconciliation between cumulative causation and balance of payments constrained views is shown to hold.

Keywords: Cumulative causation; Structural economic dynamic; Verdoorn's law; Balance-of-payment constrained growth (search for similar items in EconPapers)
JEL-codes: O19 F12 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954349X1200063X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Cumulative Causation in a Structural Economic Dynamic Approach to Economic Growth and Uneven Development (2011) Downloads
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:eee:streco:v:24:y:2013:i:c:p:130-140

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2018-11-20
Handle: RePEc:eee:streco:v:24:y:2013:i:c:p:130-140