MULTI-SECTOR THIRLWALL’S LAW AND TECHNOLOGICAL PROGRESS

Authors

  • Ricardo Silva Azevedo Araujo Universidade de Brasília

DOI:

https://doi.org/10.22456/2176-5456.10889

Keywords:

Structural economic dynamics, Uneven development, North-South trade, Technical progress, Engel’s Law,

Abstract

In this paper we introduce Thirlwall’s Law in the Pasinetti’s model of Structural Change in order to study uneven development when technological progress is taken into account. The main result of the Thirlwall’s analysis is verified here, that is, the growth rate of per capita income of a country depends on the growth rate of its exports. When technical progress is considered this result is still valid but the sectoral rates of technical progress may affect the growth rate of per capita income.

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Published

2011-03-15

How to Cite

Araujo, R. S. A. (2011). MULTI-SECTOR THIRLWALL’S LAW AND TECHNOLOGICAL PROGRESS. Análise Econômica, 28(54). https://doi.org/10.22456/2176-5456.10889

Issue

Vol. 28 No. 54 (2010): setembro de 2010

Section

Artigos

License

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