Showing 1 - 10 of 11
In this article the analysis developed by Feldman (1928) and Mahalanobis (1953) are incorporated to the Post-Keynesian Growth Model to consider the decisions of investment allocation on economic growth. By adopting this approach it is possible to study the interaction between distributive...
Persistent link: https://www.econbiz.de/10009323488
A two country, three sector hybrid model of structural change with distortionary government policies is used to quantify the impact of international trade and trade reform for industrialization. The model features Arming- ton motivated trade in agriculture and industry, and a novel...
Persistent link: https://www.econbiz.de/10011258875
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
Population-ageing is one of the traditional topics of development and growth theory and a key challenge to most modern societies. We focus on the following aspect: Population-ageing is associated with changes in demand-structure, since demand-patterns change with increasing age. This process...
Persistent link: https://www.econbiz.de/10009651405
The Kuznets-Kaldor stylized facts are one of the most striking empirical regularities of the development process in industrialized countries: While massive factor reallocation across technologically distinct sectors takes place, the aggregate ratios of the economy are quite stable. This implies...
Persistent link: https://www.econbiz.de/10009652913
Different goods are produced by different sectors in an economy. The fact that sectors use different production technologies is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a theoretical...
Persistent link: https://www.econbiz.de/10009294667
This paper introduces long waves into Pasinetti's model of structural change on the assumption that productivity growth is fundamentally driven by technological revolutions (radical process and product innovations). The argument is developed at the logical stage of the "natural" system,...
Persistent link: https://www.econbiz.de/10005620169
The Structural Economic Dynamic approach is distinguished by its simultaneous approach to demand and supply sides of economic growth. However, the idea that growth itself can transform an economy, which became known in the literature as cumulative causation, cannot be properly studied by this...
Persistent link: https://www.econbiz.de/10008919767
Structural analysis is the main topic of this paper and structural change is a dominant theme of the present work. The analysis of structural models and of theories of structural changes carried out in this paper has a double meaning. On the one hand, it allows to pick up several essential...
Persistent link: https://www.econbiz.de/10008615016
Structural change indicates essentially a qualitative transformation and evolution of the economic systems, usually marked by technological progress and organizational changes. Technological factors, knowledge, institutions are all elements that contribute to the process of structural change....
Persistent link: https://www.econbiz.de/10011110346