1. CAMBIO TECNOLÓGICO, PRODUCTIVIDAD Y PRODUCTO DE LARGO PLAZO DE PERÚ.
- Author
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Jiménez, Félix
- Subjects
- *
INDUSTRIAL relations , *TECHNOLOGICAL innovations , *INDUSTRIAL productivity , *GROSS domestic product , *ECONOMIC policy , *ECONOMIC expansion , *PRODUCTION (Economic theory) - Abstract
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). [ABSTRACT FROM AUTHOR]
- Published
- 2021
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