Input-output structure, international trade and economic development
In his paper on the Structure of Development, Leontief (1963) claimed that underdeveloped countries are poorer because they are by far less economically diversified. In this paper it is shown that a model of international trade with strong international restrictions on factor mobility, a stable in...
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| Formato: | Text Doc. de trabajo / Informes |
| Lenguaje: | Eng |
| Publicado: |
CIDSE, Centro de Investigaciones y Documentación Socioeconomica
2012
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| Acceso en línea: | http://biblioteca.clacso.edu.ar/gsdl/collect/co/co-006/index/assoc/D7700.dir/doc84.pdf |
| Aporte de: |
| Sumario: | In his paper on the Structure of Development, Leontief (1963) claimed that underdeveloped countries are poorer because they are by far less economically diversified. In this paper it is shown that a model of international trade with strong international restrictions on factor mobility, a stable input-output structure, and a productivity externality
due to input diversification, is consistent with Leontief ́s hypothesis. The model also implies a growth-rate gap between industrialized and less industrialized economies. |
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