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Patterns of specialization, technological hiatus and foreign-exchange constrained growth

posted on 23.06.2022, 08:05 by OTAVIANO CANUTO

Abstract This paper presents a North-South model on the interaction between foreign trade and foreign-exchange constrained growth, a model in which patterns of specialization associated to production structures of the economies play a crucial role. Economic growth is conditioned by sector dynamics of innovation and imitation, as well as by income-elasticities and price-elasticities.