Reciprocidade implícita e crescimento na economia global: uma perspectiva estruturalista
Gabriel Porcile (),
Guilherme Souza e Silva () and
No 85, Working Papers from Universidade Federal do Paraná, Department of Economics
This paper discusses some of the structuralist ideas about international coordination and growth in an international system formed by countries whose productive structures and technological capabilities are strongly asymmetric. These ideas are formalized taking as a point of departure the Keynesian Balance-of-Payments constrained growth model with two countries. To this model is added a function (based on the catching up literature) in which the income elasticity of the demand for exports and imports depends on the technology gap. The model allows for discussing the inter-relations between the fiscal and the industrial and technological policies. It also allows for finding the rate of growth of autonomous expenditure in the periphery which ensures that it will use all the foreign exchange it earns in promoting economic growth (the principle of “automatic reciprocity”).
Keywords: structuralist macroeconomics; economic growth; innovation and technologic diffusion (search for similar items in EconPapers)
Pages: 15 pages
Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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Persistent link: https://EconPapers.repec.org/RePEc:fup:wpaper:0085
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