2019
DOI: 10.1016/j.respol.2018.08.002
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A technology gap interpretation of growth paths in Asia and Latin America

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Cited by 33 publications
(21 citation statements)
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References 26 publications
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“…Libman et al (2019) demonstrate in a panel of 184 countries for 1950-2014 that episodes of sustained capital accumulation lead to a shift from agriculture to manufacturing sectors and cause the trade balance to follow a U-shaped patternfollowing an initial deterioration due to increased imports and then recovering afterwards as the export sector gain competitiveness. A combination of a competitive RER with active industrial policies has been observed in most of the successful cases of catching up and convergence (Cimoli et al, 2019). Some Post-Keynesian scholars contend that the development effects of the exchange rate should be qualified in some cases.…”
Section: Technology Export Diversification and The Rer: A Review Of The Empirical Evidencementioning
confidence: 99%
“…Libman et al (2019) demonstrate in a panel of 184 countries for 1950-2014 that episodes of sustained capital accumulation lead to a shift from agriculture to manufacturing sectors and cause the trade balance to follow a U-shaped patternfollowing an initial deterioration due to increased imports and then recovering afterwards as the export sector gain competitiveness. A combination of a competitive RER with active industrial policies has been observed in most of the successful cases of catching up and convergence (Cimoli et al, 2019). Some Post-Keynesian scholars contend that the development effects of the exchange rate should be qualified in some cases.…”
Section: Technology Export Diversification and The Rer: A Review Of The Empirical Evidencementioning
confidence: 99%
“…Linking to issues of convergence versus divergence for the 'North' (advanced economies) versus the 'South' (emerging economies) a study in the sample investigates the drivers of growth, integrating the Schumpeterian perspective of technical and structural change with the Keynesian approach to effective demand and balanceof-payment constraint (Cimoli, Pereima and Porcile, 2019). Using a modelling approach, Cimoli et al (2019) make comparisons between Argentina, which abandoned active industrial policy in the 1970s, Brazil, which followed in the 1980s, and Korea, which continued with it. They highlight the importance of exports in mitigating divergence and enabling convergence between emerging and advanced economies.…”
Section: Theme 1: Technological Development Across International Boundariesmentioning
confidence: 99%
“…The world's technological frontier refers to the most technologically advanced economy among the economies participating in trade in the world. A narrower technology gap indicates a stronger comparative advantage at the technical level-it can improve the position of the economy in the international economy [8], make the country responsible for cleaner production, and indirectly affect the environment of the economy. This idea is linked to research on international trade and environmental pollution.…”
Section: Introductionmentioning
confidence: 99%