Biblioteca Digital de VanguardiaInput-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: | info:eu-repo/semantics/publishedVersion |
| Lenguaje: | Inglés |
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CIDSE, Centro de Investigaciones y Documentación Socioeconomica
2021
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| Acceso en línea: | https://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/4165 |
| 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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