Botta, Alberto ORCID: https://orcid.org/0000-0001-9464-8251 (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 / School / Research Centre / Research Group:	Faculty of Business > Department of International Business & Economics
Last Modified:	21 Oct 2020 08:00
URI:	http://gala.gre.ac.uk/id/eprint/14448

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