Title
Technological change, productivity and Peru’s long-term output
Other title
[Cambio tecnológico, productividad y producto de largo plazo de Perú]
Date Issued
01 March 2021
Access level
open access
Resource Type
review
Publisher(s)
Universidad Nacional Autonoma de Mexico
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).
Start page
165
End page
217
Volume
52
Language
English
OCDE Knowledge area
Economía
Subjects
Scopus EID
2-s2.0-85104242505
Source
Problemas del Desarrollo
ISSN of the container
03017036
Sources of information:
Directorio de Producción Científica
Scopus