Structural change, technology gap and human capital in a North-South balance-of-payments-constrained growth model

Authors

DOI:

https://doi.org/10.1590/0101-41614932lfj

Keywords:

Economic Growth, Elasticities Endogeneity, National Innovation System

Abstract

The main objective of this work is to present a macrodynamic Kaldorian model in which the
process of convergence or divergence between the North (developed) and the South (developing)
is a function of the structural change and technological gap. The manufacturing share in
the Southern economy and the technological gap are endogenous and explain the dynamics of economic growth compatible with the Balance of Payments equilibrium. In order for the
catching up process to take place, there is a need to increase the innovative activities of the
South. The developed model exhibits multiples equilibriums: one stable and the other unstable.
In the stable equilibrium, the South must present greater development of its National System of
Innovations and high effects of industrial spillovers in relation to the existing technological gap.

Downloads

Download data is not yet available.

Author Biographies

  • Luciano Ferreira Gabriel, Federal University of Minas Gerais

    Professor da Faculdade de Ciências Econômicas - Universidade Federal de Minas Gerais

  • Frederico Gonzaga Jayme Jr., Federal University of Minas Gerais

    Professor da Faculdade de Ciências Econômicas - Universidade Federal de Minas Gerais

  • José Luis Oreiro, University of Brasília

    Professor do Departamento de Economia da Universidade de Brasília

References

Downloads

Published

30-09-2019

Issue

Vol. 49 No. 3 (2019)

Section

Articles

License

Copyright (c) 2019 Luciano Ferreira Gabriel, Frederico Gonzaga Jayme Jr., José Luis Oreiro

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.

How to Cite

Gabriel, L. F., Jayme Jr., F. G., & Oreiro, J. L. (2019). Structural change, technology gap and human capital in a North-South balance-of-payments-constrained growth model. Estudos Econômicos (São Paulo), 49(3), 465-499. https://doi.org/10.1590/0101-41614932lfj