Catela, Eva Yamila da Silva; Porcile, Gabriel - In: Journal of Post Keynesian Economics 34 (2012) 4, pp. 777-802
The paper aims to contribute to the debate on specialization and growth in two forms. First, it develops a north-south model in which the ratio between the income elasticity of exports and imports in the south (which gives the rate of growth compatible with external equilibrium) depends on the...