Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions- Part I: Technical dependency

Ariel Dvoskin and German Feldman
Additional contact information
Ariel Dvoskin: CONICET–CEED/IDAES, Ciudad Autónoma de Buenos Aires, Argentina

Review of Keynesian Economics, 2018, vol. 6, issue 3, 352-368

Abstract: In this two-part paper, we explore the interaction between income distribution and the balance of payments, by assessing the contributions of three Argentinian exponents of the Latin American Structuralist School: Oscar Braun, Marcelo Diamand and Adolfo Canitrot. With this aim, we introduce a two-sector model inspired by the classical tradition. Part I of the article examines the implications for prices and quantities of the phenomenon of 'technical dependency'. That is, the inelastic demand for imported inputs observed in peripheral economies, a true constraint to growth during the Bretton Woods era. We leave until Part II of the paper the assessment of the implications of 'financial dependency', namely the influence exerted on the profit rate of peripheral economies by the international profit rate.

Keywords: balance of payments; income distribution; Latin American structuralism; stop-and-go cycles; technical dependency (search for similar items in EconPapers)
JEL-codes: B22 B31 E2 E3 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.elgaronline.com/view/journals/roke/6-3/roke.2018.03.04.xml (application/pdf)
Restricted access

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:elg:rokejn:v:6:y:2018:i:3:p352-368

Access Statistics for this article

Review of Keynesian Economics is currently edited by Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

More articles in Review of Keynesian Economics from Edward Elgar Publishing
Bibliographic data for series maintained by Phillip Thompson ().