Technological change, productivity and Peru’s long-term output

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Resumen

This article estimates long-term output using two distinct theoretical approaches. The first is the demand-led growth approach. In this approach, two long-term output models are estimated: that of Shaikh and Moudud (2004), with a modification to capture demand-driven technical change in the Kaldorian sense (Kaldor, 1957); and that of Thirlwall (1979), according to which the theoretical long-term growth rates of the economy are determined by export growth rates. The second approach is the neoclassical approach of Solow (1956) and Swan (1956). In this approach, long-term growth is limited by supply factors (the factors of production capital and labor).
Idioma originalEspañol
Páginas (desde-hasta)165-217
Número de páginas53
PublicaciónProblemas del Desarrollo
Volumen52
EstadoPublicada - 1 mar. 2021

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