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A structuralist North–South model on structural change, economic growth and catching-up

A structuralist North–South model on structural change, economic growth and catching-up

Botta, Alberto (2009) A structuralist North–South model on structural change, economic growth and catching-up. Structural Change and Economic Dynamics, 20 (1). pp. 61-73. ISSN 0954-349X (doi:10.1016/j.strueco.2008.12.001)

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Abstract

This paper presents a structuralist North–South model on structural change, industrializa- tion and economic convergence. In a balance-of-payments-constrained macro-setting, we assume a cumulative process between industrialization and growth. Differently from the traditional post-Keynesian models, we endogenize the productive structure of developing countries. We enquire how industrialization affects uneven development and convergence processes. Multiple growth paths and a long-run path-dependent equilibrium emerge. Industrialization proves to be a necessary but not sufficient condition for catching-up. Good management by the domestic institutions of domestic industrialization is a complementary requirement.

Item Type: Article
Uncontrolled Keywords: Structural change, Kaldorian cumulative causation, North–South convergence
Faculty / Department / Research Group: Faculty of Business > Department of International Business & Economics
Last Modified: 16 Oct 2016 08:56
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/14448

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