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
Scopus EID
2-s2.0-85104242505
Source
Problemas del Desarrollo
ISSN of the container
03017036
Sources of information: Directorio de Producción Científica Scopus