Kaldor’s paradox, industrial equilibrium exchange rate, and technological gap: a reconciliation of New Developmentalism with stylized facts
ABSTRACT One of the main propositions of the new-developmentalist school is the idea the over-valued exchange rates – due to Dutch disease and the adoption of a growth model with foreign savings − hampers economic growth by reducing the manufacturing share in output, i.e. causing a process of deindu...
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Centro de Economia Política
2026-07-01
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| Colecção: | Brazilian Journal of Political Economy |
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| Acesso em linha: | http://www.scielo.br/pdf/rep/v46n2/3086-4461-rep-46-2-e263802.pdf |
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