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Ricardo Azevedo Araujo - One of the best experts on this subject based on the ideXlab platform.
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assessing the dynamics of terms of trade in a model of Cumulative Causation and structural change
Revista de Economia Política, 2016Co-Authors: Ricardo Azevedo AraujoAbstract:The motivation for this paper stems from the steady decline in the share of consumer expenditures on goods produced in the global south, coupled with the (empirically ambiguous) Singer/Prebisch hypothesis that this can be explained by a secular decline in the southern terms of trade. Drawing on these sources of inspiration, the paper sets out to study the dynamics of the terms of trade using a multi-sector growth model based on the principle of Cumulative Causation. The upshot is a North-South model of growth and trade in which the evolution of the terms of trade depends on differential rates of productivity growth in different sectors of the economy - and in which terms of trade dynamics may not be the best guide as to whether or not there is an uneven development problem.
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Cumulative Causation in a structural economic dynamic approach to economic growth and uneven development
Structural Change and Economic Dynamics, 2013Co-Authors: Ricardo Azevedo AraujoAbstract:A structural economic dynamic approach is distinguishable by its simultaneous considerations of supply and demand and their related effects wielded upon economic growth. However, properly considering Cumulative Causation requires a special framework for more fully accounting for technological progress, and not leaving it as simply exogenous. With this inquiry dimensions of Verdoorn's Law are selectively embedded in Pasinetti's multi-sector model, thus allowing us to better consider Cumulative Causation through rendering structural changes endogenous. In this setup, reconciliation between Cumulative Causation and balance of payments constrained views is shown to hold.
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assessing the dynamics of terms of trade in a model of Cumulative Causation and structural change
MPRA Paper, 2013Co-Authors: Ricardo Azevedo AraujoAbstract:Following a structural economic dynamic approach, this paper examines the potential impact of Cumulative Causation on the dynamics of terms of trade between North-South countries. Cumulative Causation although being responsible for generating technical progress may cause leakage of some productivity gains from the exporting sectors to abroad. In this vein possibilities exist that the laggard countries benefit from this effect but the final outcome depends on structural economic dynamics of both developed and underdeveloped nations. The overall dynamics of the terms of trade is then shown to be strongly affected both by demand and supply considerations.
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Cumulative Causation in a structural economic dynamic approach to economic growth and uneven development
MPRA Paper, 2011Co-Authors: Ricardo Azevedo AraujoAbstract:The Structural Economic Dynamic approach is distinguished by its simultaneous approach to demand and supply sides of economic growth. However, the idea that growth itself can transform an economy, which became known in the literature as Cumulative Causation, cannot be properly studied by this framework because technological progress is treated in the same manner as in the traditional Neoclassical model, that is, it is exogenous. Besides, it is the only source of economy growth with no role played by demand in the pace of economic growth but only in the sectoral composition of the economy. Here we introduce Verdoon’s Law in the Pasinetti’s model of structural change thus making it able to study Cumulative Causation and thus rendering structural changes endogenous in this model.
Martin Klinthall - One of the best experts on this subject based on the ideXlab platform.
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the opening of the north south divide Cumulative Causation household income disparity and the regional bonus in taiwan 1976 2005
Structural Change and Economic Dynamics, 2012Co-Authors: Martin Andersson, Martin KlinthallAbstract:During the last decades regional income divergence seems to have reappeared in both developed and developing countries. In Taiwan – a renowned case of growth with equity – regional per capita income was converging until the early 1990s after which it began to diverge. With the help of modeled annual household survey data from 1976 to 2005 we indicate the magnitude of a regional bonus and discuss reasons behind the re-opening of the North–South income divide in Taiwan. Our analysis suggests that this process is a consequence of Cumulative Causation connected to the advent of the rise of ICT industry in conjunction with changes in Taiwan's political economy which provided relatively more advantageous economic opportunities for the industrial structure of the leading region.
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The opening of the North–South divide: Cumulative Causation, household income disparity and the regional bonus in Taiwan 1976–2005
Structural Change and Economic Dynamics, 2012Co-Authors: Martin Andersson, Martin KlinthallAbstract:During the last decades regional income divergence seems to have reappeared in both developed and developing countries. In Taiwan – a renowned case of growth with equity – regional per capita income was converging until the early 1990s after which it began to diverge. With the help of modeled annual household survey data from 1976 to 2005 we indicate the magnitude of a regional bonus and discuss reasons behind the re-opening of the North–South income divide in Taiwan. Our analysis suggests that this process is a consequence of Cumulative Causation connected to the advent of the rise of ICT industry in conjunction with changes in Taiwan's political economy which provided relatively more advantageous economic opportunities for the industrial structure of the leading region.
Martin Andersson - One of the best experts on this subject based on the ideXlab platform.
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the opening of the north south divide Cumulative Causation household income disparity and the regional bonus in taiwan 1976 2005
Structural Change and Economic Dynamics, 2012Co-Authors: Martin Andersson, Martin KlinthallAbstract:During the last decades regional income divergence seems to have reappeared in both developed and developing countries. In Taiwan – a renowned case of growth with equity – regional per capita income was converging until the early 1990s after which it began to diverge. With the help of modeled annual household survey data from 1976 to 2005 we indicate the magnitude of a regional bonus and discuss reasons behind the re-opening of the North–South income divide in Taiwan. Our analysis suggests that this process is a consequence of Cumulative Causation connected to the advent of the rise of ICT industry in conjunction with changes in Taiwan's political economy which provided relatively more advantageous economic opportunities for the industrial structure of the leading region.
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The opening of the North–South divide: Cumulative Causation, household income disparity and the regional bonus in Taiwan 1976–2005
Structural Change and Economic Dynamics, 2012Co-Authors: Martin Andersson, Martin KlinthallAbstract:During the last decades regional income divergence seems to have reappeared in both developed and developing countries. In Taiwan – a renowned case of growth with equity – regional per capita income was converging until the early 1990s after which it began to diverge. With the help of modeled annual household survey data from 1976 to 2005 we indicate the magnitude of a regional bonus and discuss reasons behind the re-opening of the North–South income divide in Taiwan. Our analysis suggests that this process is a consequence of Cumulative Causation connected to the advent of the rise of ICT industry in conjunction with changes in Taiwan's political economy which provided relatively more advantageous economic opportunities for the industrial structure of the leading region.
Anthony J Venables - One of the best experts on this subject based on the ideXlab platform.
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Rethinking Economic Growth in a Globalizing World
World Bank Publications, 2020Co-Authors: Anthony J VenablesAbstract:This paper argues that Cumulative Causation processes are fundamental to understanding growth and development. Such processes derive from spatially concentrated increasing returns to scale including thick market effects, knowledge spillovers, sectoral and urban clustering, and self-reinforcing improvements in physical and social infrastructure. These sources of agglomeration have been extensively analyzed in the economic geography literature. They imply that spatial unevenness in economic activity and incomes is an equilibrium outcome. Growth tends to be 'lumpy,' with some sectors in some countries growing fast while other countries lag. The policy challenge is to lift potential new centers of economic activity to the point where they can reap the productivity and investment climate advantages of increasing returns and Cumulative Causation.
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Rethinking economic growth in a globalizing world : an economic geography lens
African Development Review, 2009Co-Authors: Anthony J VenablesAbstract:This paper argues that Cumulative Causation processes are fundamental to understanding growth and development. Such processes derive from spatially concentrated increasing returns to scale including thick market effects, knowledge spillovers, sectoral and urban clustering, and self-reinforcing improvements in physical and social infrastructure. These sources of agglomeration have been extensively analyzed in the economic geography literature. They imply that spatial unevenness in economic activity and incomes is an equilibrium outcome. Growth tends to be 'lumpy,' with some sectors in some countries growing fast while other countries lag. The policy challenge is to lift potential new centers of economic activity to the point where they can reap the productivity and investment climate advantages of increasing returns and Cumulative Causation.
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The assessment: trade and location
Oxford Review of Economic Policy, 1998Co-Authors: Anthony J VenablesAbstract:This paper gives an overview of different analyses of the effects of globalization on industrial location. It suggests that comparative advantage is inadequate to explain several aspects of the changing patterns of trade and location, and that it needs to supplemented by approaches based on new economic geography and theories of Cumulative Causation. Copyright 1998 by Oxford University Press.
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trade policy Cumulative Causation and industrial development
Journal of Development Economics, 1996Co-Authors: Anthony J VenablesAbstract:Abstract This paper considers the effects of trade policy in industries which are imperfectly competitive, and in which there is an input-output structure, creating vertical linkages between firms. Two models are presented, one based on Cournot oligopoly and the other on Dixit-Stiglitz product differentiation. In both models it may be the case that trade liberalisation triggers a dramatic expansion of output and possibly also a reduction in imports. This arises as import liberalisation lowers costs in downstream industries, expanding their output, and triggering a ‘big push’ of industrialisation.
Douglas S Massey - One of the best experts on this subject based on the ideXlab platform.
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the limits to Cumulative Causation international migration from mexican urban areas
Demography, 2004Co-Authors: Elizabeth Fussell, Douglas S MasseyAbstract:We present theoretical arguments and empirical research to suggest that the principal mechanisms of Cumulative Causation do not function in large urban settings. Using data from the Mexican Migration Project, we found evidence of Cumulative Causation in small cities, rural towns and villages, but not in large urban areas. With event-history models, we found little positive effect of community-level social capital and a strong deterrent effect of urban labor markets on the likelihood of first and later U.S. trips for residents of urban areas in Mexico, suggesting that the social process of migration from urban areas is distinct from that in the more widely studied rural migrant-sending communities of Mexico.
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social structure household strategies and the Cumulative Causation of migration
Population index, 1990Co-Authors: Douglas S MasseyAbstract:This review culls disparate elements from the theoretical and research literature on human migration to argue for the construction of a theory of migration that simultaneously incorporates multiple levels of analysis within a longitudinal perspective. A detailed review of interconnections among individual behavior household strategies community structures and national political economies indicates that inter-level and inter-temporal dependencies are inherent to the migration process and give it a strong internal momentum. The dynamic interplay between network growth and individual migration labor migration remittances and local income distributions all create powerful feedback mechanisms that lead to the Cumulative Causation of migration. These mechanisms are reinforced and shaped by macrolevel relationships within the larger political economy. (authors)
