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Our purpose in this paper is to extend and to apply the pure labour model proposed by Pasinetti (1981, 1993) in a closed dual economy in order to discuss employment problem from the economic dualism point of view, developed by W. Arthur Lewis (1954), within the production framework. Emphasis is...
Persistent link: https://www.econbiz.de/10008783584
This paper isolates the mechanisms responsible for the difficulties facing poor regions in growing faster than rich ones. The analysis of uneven development is carried out in a framework where changes in demand composition are consistent with Engel's Law. The standpoint of the analysis is the...
Persistent link: https://www.econbiz.de/10005436572
The economic literature contains extensive discussions on relationship between foreign constraints and economic growth. Since the beginning of the 1990's one debate concentrates on the nature of macroeconomic policies to expand domestic demand in Brazil in an environment of capital flows...
Persistent link: https://www.econbiz.de/10004968565
Persistent link: https://www.econbiz.de/10011158927
In this paper, we study the Brazilian growth experience after trade liberalization by testing both the export-led growth (ELG) and the growth-led exports (GLE) hypotheses through econometric tests between exports and gross domestic output (GDP). Although the paper provides further evidence that...
Persistent link: https://www.econbiz.de/10011159868
In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to analyse the implications of the process of structural change on the decisions of investment allocation. By using the device of vertical integration, their constructions are shown to be a particular case of...
Persistent link: https://www.econbiz.de/10011258497
In this paper Pasinetti’s model of structural economic dynamics (1981) is extended to consider international economic relations. Conditions for full employment, full expenditure of income and equilibrium of the trade balance are established for an open economy that requires capital goods to...
Persistent link: https://www.econbiz.de/10011258954
In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess effects of embodied technical progress on structural change. Our findings suggest that despite the fact that this type of technical progress increases the...
Persistent link: https://www.econbiz.de/10011259711
Information Communication Technology has been identified as a major determinant of international competitiveness between nations in recent years, through increased labor productivity. Depending on the choice of techniques, process innovations may also result in increasing differences in income...
Persistent link: https://www.econbiz.de/10011113671
Este trabalho faz uma releitura das contribuições de Celso Furtado ao desenvolvimentoeconômico brasileiro. Trata-se, primeiramente, dos avanços teóricos no estruturalismocepalino e de aspectos de sua passagem como ator político no período 1950-1980. Duasquestões específicas da análise...
Persistent link: https://www.econbiz.de/10010858188