National innovation system, competitiveness and economic growth
Marco Flávio Resende and
Daniela Almeida Raposo Torres
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Daniela Almeida Raposo Torres: Cedeplar-UFMG
Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais
Differences in income-elasticities of imports and exports among countries bring about distinct degrees of external constraints to growth. This argument has been pointed out by Prebisch and by authors in the Kaldorian tradition. Prebisch’s explanations for this phenomenon relate to the differences in international insertion between agrarian / peripheral and industrial / central economies. Kaldorian authors, in turn, refer to Prebisch only to explain why such elasticities differ between products and between countries. However, even after undergoing industrialization processes, several economies still face external constraints to growth. The aim of this paper is to explain differences in trade elasticities among industrial economies. Therefore, it intends to demonstrate, by using the Neo-Schumpeterian literature, the causal relations between the development of a National Innovation System, the differences in income-elasticities of imports and exports, the degree of competitiveness and the degree of external vulnerability of an economy.
Keywords: national innovation system; competitiveness; external vulnerability (search for similar items in EconPapers)
JEL-codes: O43 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse and nep-ino
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