A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo de conferência |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UFMG |
Texto Completo: | http://hdl.handle.net/1843/37001 https://orcid.org/0000-0003-1254-0074 |
Resumo: | Taking into account the relevance of the Kaldorian and the Schumpeterian contributions to macroeconomic growth theory, this paper proposes a growth model that consistently combines the insights of these two traditions while solving some of the most important limitations of the original Kaldor-Dixon-Thirlwall model. This model takes into account the main factors emphasized by the Kaldorian and the Schumpeterian literatures, while keeping the importance of both demand and supply-side factors for economic growth. The proposed Kaldor-Schumpeter growth model was also transposed to a multi-sectoral setting that indicates that: (i) changes in the performance of a given sector affect the performance of the other sectors through inter-sector demand externalities by easing the BOP constraint; and (ii) an increase in the growth rate of foreign output can exert a negative impact on the domestic economy, provided that the negative effect of higher foreign non-price competitiveness is larger than the positive demand effect. |
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2021-07-27T00:24:37Z2021-07-27T00:24:37Z2016440119http://hdl.handle.net/1843/37001https://orcid.org/0000-0003-1254-0074Taking into account the relevance of the Kaldorian and the Schumpeterian contributions to macroeconomic growth theory, this paper proposes a growth model that consistently combines the insights of these two traditions while solving some of the most important limitations of the original Kaldor-Dixon-Thirlwall model. This model takes into account the main factors emphasized by the Kaldorian and the Schumpeterian literatures, while keeping the importance of both demand and supply-side factors for economic growth. The proposed Kaldor-Schumpeter growth model was also transposed to a multi-sectoral setting that indicates that: (i) changes in the performance of a given sector affect the performance of the other sectors through inter-sector demand externalities by easing the BOP constraint; and (ii) an increase in the growth rate of foreign output can exert a negative impact on the domestic economy, provided that the negative effect of higher foreign non-price competitiveness is larger than the positive demand effect.Em função da importância das contribuições das abordagens Kaldoriana e Schumpeteriana para a teoria macroeconômica do crescimento, o presente artigo propõe um modelo de crescimento que combina de forma consistente as ideias centrais dessas duas vertentes, resolvendo algumas importantes limitações do modelo Kaldor-Dixon-Thirlwall original. O modelo proposto leva em consideração os principais fatores enfatizados nas duas literaturas, mantendo a relevância tanto de fatores de oferta como de fatores de demanda na determinação do crescimento. O modelo Kaldor-Schumpeter proposto no artigo é também transposto para uma forma multissetorial que indica: (i) que mudanças na performance de um dado setor afetam a performance de outros setores via externalidades inter-setoriais que operam através do relaxamento da restrição externa; e (ii) que um aumento na taxa de crescimento da renda externa pode exercer um impacto negativo sobre a economia doméstica, caso o efeito negativo da maior competitividade não-preço externa que resulta desse aumento seja superior ao efeito positivo de aumento da demanda externa.FAPEMIG - Fundação de Amparo à Pesquisa do Estado de Minas GeraisengUniversidade Federal de Minas GeraisUFMGBrasilFCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICASEncontro Nacional de Economia da ANPECMacroeconomiaDesenvolvimento econômicoOferta e procuraDemanda (Teoria econômica)Increasing returnsKaldor-Dixon-Thirlwall modelResearch intensityTechnological catch-upThirlwall’s lawA Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensityinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjecthttps://www.anpec.org.br/encontro/2016/submissao/files_I/i6-5202b058cbc52a0b0ae67ad33a2e59e0.pdfJoão Prates Romeroapplication/pdfinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFMGinstname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGLICENSELicense.txtLicense.txttext/plain; charset=utf-82042https://repositorio.ufmg.br/bitstream/1843/37001/1/License.txtfa505098d172de0bc8864fc1287ffe22MD51ORIGINALA kaldor-schumpeter model of cumulative growth combining increasing returns and non-price competitiveness with technological catch-up and research intensity.pdfA kaldor-schumpeter model of cumulative growth combining increasing returns and non-price competitiveness with technological catch-up and research intensity.pdfapplication/pdf913118https://repositorio.ufmg.br/bitstream/1843/37001/2/A%20kaldor-schumpeter%20model%20of%20cumulative%20growth%20combining%20increasing%20returns%20and%20non-price%20competitiveness%20with%20technological%20catch-up%20and%20research%20intensity.pdf932f5b174e5b0dd04dc2913862d442cbMD521843/370012021-07-27 11:07:48.179oai:repositorio.ufmg.br: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Repositório de PublicaçõesPUBhttps://repositorio.ufmg.br/oaiopendoar:2021-07-27T14:07:48Repositório Institucional da UFMG - Universidade Federal de Minas Gerais (UFMG)false |
dc.title.pt_BR.fl_str_mv |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
title |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
spellingShingle |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity João Prates Romero Increasing returns Kaldor-Dixon-Thirlwall model Research intensity Technological catch-up Thirlwall’s law Macroeconomia Desenvolvimento econômico Oferta e procura Demanda (Teoria econômica) |
title_short |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
title_full |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
title_fullStr |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
title_full_unstemmed |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
title_sort |
A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity |
author |
João Prates Romero |
author_facet |
João Prates Romero |
author_role |
author |
dc.contributor.author.fl_str_mv |
João Prates Romero |
dc.subject.por.fl_str_mv |
Increasing returns Kaldor-Dixon-Thirlwall model Research intensity Technological catch-up Thirlwall’s law |
topic |
Increasing returns Kaldor-Dixon-Thirlwall model Research intensity Technological catch-up Thirlwall’s law Macroeconomia Desenvolvimento econômico Oferta e procura Demanda (Teoria econômica) |
dc.subject.other.pt_BR.fl_str_mv |
Macroeconomia Desenvolvimento econômico Oferta e procura Demanda (Teoria econômica) |
description |
Taking into account the relevance of the Kaldorian and the Schumpeterian contributions to macroeconomic growth theory, this paper proposes a growth model that consistently combines the insights of these two traditions while solving some of the most important limitations of the original Kaldor-Dixon-Thirlwall model. This model takes into account the main factors emphasized by the Kaldorian and the Schumpeterian literatures, while keeping the importance of both demand and supply-side factors for economic growth. The proposed Kaldor-Schumpeter growth model was also transposed to a multi-sectoral setting that indicates that: (i) changes in the performance of a given sector affect the performance of the other sectors through inter-sector demand externalities by easing the BOP constraint; and (ii) an increase in the growth rate of foreign output can exert a negative impact on the domestic economy, provided that the negative effect of higher foreign non-price competitiveness is larger than the positive demand effect. |
publishDate |
2016 |
dc.date.issued.fl_str_mv |
2016 |
dc.date.accessioned.fl_str_mv |
2021-07-27T00:24:37Z |
dc.date.available.fl_str_mv |
2021-07-27T00:24:37Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/conferenceObject |
format |
conferenceObject |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1843/37001 |
dc.identifier.orcid.pt_BR.fl_str_mv |
https://orcid.org/0000-0003-1254-0074 |
url |
http://hdl.handle.net/1843/37001 https://orcid.org/0000-0003-1254-0074 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartof.pt_BR.fl_str_mv |
Encontro Nacional de Economia da ANPEC |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal de Minas Gerais |
dc.publisher.initials.fl_str_mv |
UFMG |
dc.publisher.country.fl_str_mv |
Brasil |
dc.publisher.department.fl_str_mv |
FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS |
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Universidade Federal de Minas Gerais |
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reponame:Repositório Institucional da UFMG instname:Universidade Federal de Minas Gerais (UFMG) instacron:UFMG |
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UFMG |
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UFMG |
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