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- W2902474177 abstract "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." @default.
- W2902474177 created "2018-12-11" @default.
- W2902474177 creator A5073869368 @default.
- W2902474177 date "2016-01-01" @default.
- W2902474177 modified "2023-09-23" @default.
- W2902474177 title "A Kaldor-Schumpeter model of cumulative growth: combining increasing returns and non-price competitiveness with technological catch-up and research intensity" @default.
- W2902474177 hasPublicationYear "2016" @default.
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