Micro-macro interactions, growth and income distribution revisited

The international economy is marked by major asymmetries in technological capabilities and power, both at the domestic and international levels —a point emphasized by the structuralist tradition. These asymmetries strongly affect economic outcomes and place major constraints on economic policy. This working paper discusses how the microeconomics of learning interacts with structural change and the evolution of aggregate demand to generate either virtuous paths of economic development or vicious circles of underdevelopment and lagging behind. Some implications of these growth paths for the international and domestic political economy are discussed.

Bibliographic Details

Main Authors:	Cimoli, Mario, Porcile, Gabriel
Format:	Texto biblioteca
Language:	English
Published:	CEPAL 2017-06
Subjects:	MICROECONOMIA, MACROECONOMIA, CONDICIONES ECONOMICAS, CRECIMIENTO ECONOMICO, DISTRIBUCION DEL INGRESO, SISTEMAS ECONOMICOS, MICROECONOMICS, MACROECONOMICS, ECONOMIC CONDITIONS, ECONOMIC GROWTH, INCOME DISTRIBUTION, ECONOMIC SYSTEMS,
Online Access:	https://hdl.handle.net/11362/41854
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