Economic growth and structural change in a multi-sector and multilateral approach to balance-of-payments constrained growths

Ricardo Araujo, Mateus Silva de Paiva (), Júlio Fernando Costa Santos () and Guilherme Jonas Costa da Silva ()

Brazilian Journal of Political Economy, 2017, vol. 37, issue 4, 894-915

Abstract: This study aims to develop a multi-sector and multilateral model of balance-of-payments constrained growth. As a starting point, we adopted the models proposed by Araujo and Lima (2007) and Nell (2003). The paper also presents computer simulations to test how structural changes in the Pasinetti-Kaldor sense affect long-term economic growth. This approach is relevant insofar as it enables the identification of sectors and trading partners that contribute the most to long-term growth, as well as proposing economic and industrial policies that improve trade relations and economic competitiveness. JEL Classification: E12; F43; O41.

Keywords: Structural change; balance-of-payments constrained growth; trading partners (search for similar items in EconPapers)
Date: 2017
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