Repositorio de producción científica de la Universidad de Sevilla

A middle income trap in a small open economy: Modeling the Argentinean case

Acceso restringido A middle income trap in a small open economy: Modeling the Argentinean case

Citas

buscar en

Estadísticas
Icon
Exportar a
Autor: Dabús, Carlos
Tohmé, Fernando
Caraballo Pou, María Ángeles
Departamento: Universidad de Sevilla. Departamento de Economía e Historia Económica
Fecha: 2016
Publicado en: Economic Modelling, 53, 436-444.
Tipo de documento: Artículo
Resumen: This paper presents a model of the conditions that may lead a small open economy towards a middle income trap. This situation has shown to be pervasive in Latin America. As Argentina is a salient instance of this phenomenon, we develop a stylized model of its economy at the first decades of the XXth century. It consists of a general equilibrium model of an open emerging economy, which is a price-taking primary goods exporter. A growth process is triggered by an increase of commodity prices, due to an upward jump of the world demand of these goods. The economy goes through several phases of growth, starting from a subsistence stage. Once decreasing returns set in, the economy reaches a steady state. Only a sustained high demand of its export products allows the economy to thrive. Otherwise, the economy gets entrapped in a middle income level
Cita: Dabús, C., Tohmé, F. y Caraballo Pou, M.Á. (2016). A middle income trap in a small open economy: Modeling the Argentinean case. Economic Modelling, 53, 436-444.
Tamaño: 336.5Kb
Formato: PDF
Este documento no está disponible a texto completo hasta el 2018-11-29. Para más información póngase en contacto con idus@us.es

URI: https://hdl.handle.net/11441/70249

DOI: 10.1016/j.econmod.2015.10.042

Ver versión del editor

Mostrar el registro completo del ítem


Esta obra está bajo una Licencia Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internacional

Este registro aparece en las siguientes colecciones