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The Concepts of Ricardian, Keynesian and Schumpeterian Adjustments and the Question of Employment in the Brazilian Economy

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  • Silvia Harumi Toyoshima

Abstract

The aim of this paper is to discuss the relationship between economic growth,technical progress and employment generation, using Neo-schumpeterian concepts aboutthe process of adjustments available to all economies. It discusses the possible trade-offsamong the three kinds of the most important adjustments — “Ricardian “, “growth” and“Schumpeterian” — which represent, in fact, trade-offs between short and long-term growth.Based on this conception, it discusses the possible impacts of the exploration of each kindof adjustment on the Brazilian level of employment. In addition, it preliminarily identifiesthe productive segments to be stimulated in order to simultaneously consider economic efficiencyand employment generation. The main conclusion is that to associate employmentgeneration, economic growth and modernization, the Brazilian economy should invest not only in the most dynamic segments of the new technological paradigm, but also in the traditionalsegments, because they have a higher employment generation capacity. JEL Classification: O40; O30; J81.

Suggested Citation

  • Silvia Harumi Toyoshima, 2000. "The Concepts of Ricardian, Keynesian and Schumpeterian Adjustments and the Question of Employment in the Brazilian Economy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 20(2), pages 225-241.
    • Handle: RePEc:ekm:repojs:v:20:y:2000:i:2:p:225-241:id:1025
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    More about this item

    Keywords

    Economic development; neo-Schumpeterian analysis; structural change; quality of employment;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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