Resende, Marco Flávio Cunha; Leone, Vitor; Torres, … - In: European Journal of Economics and Economic Policies: … 18 (2021) 1, pp. 29-54
In the balance-of-payments-constrained growth model literature, income elasticities (IEs) are considered as the crucial element determining a country's long-run growth rate. Although the extant literature accepts that technology matters for IEs magnitude, explanations linking technology and IEs...