Structural change, open economy and employment : a structural change and economic dynamics approach

Rafael de Acypreste and João Gabriel de Araujo Oliveira

The main objective of this paper is to analyse the effects of international trade on employment, focusing particularly on the case where domestic prices are higher than foreign prices, using Pasinetti’s (1981 and 1993) framework as the basic structure of analysis. It is shown that technological progress affects employment levels through the Kaldor-Verdoorn law by endogenizing productivity growth when national prices are competitive. We conclude that high imports negatively affect employment levels, supporting heterodox views regarding trade openness.

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Year of publication:	2022
Authors:	Acypreste, Rafael de ; Oliveira, João Gabriel de Araujo
Published in:	PSL quarterly review. - Roma : [Verlag nicht ermittelbar], ISSN 2037-3643, ZDB-ID 2687037-X. - Vol. 75.2022, 300, p. 47-62
Subject:	Structural Change \| Open Economy \| Cumulative Causation \| Employment \| Strukturwandel \| Structural change \| Offene Volkswirtschaft \| Open economy \| Arbeitsmarkt \| Labour market \| Theorie \| Theory \| Multiplikator \| Multiplier \| Internationale Wirtschaft \| International economy