IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v33y2013i2p240-259id310.html
   My bibliography  Save this article

The circular causation of growth in developing economies: a bridge between evolutionary and post Keynesian approaches

Author

Listed:
  • Daniela Almeida Raposo Torres
  • Marco Flávio da Cunha Resende

Abstract

Based on the Post Keynesian approach and on the Evolutionary literature, this study seeks to demonstrate the causal relationships between the National Innovation System and the national and international financial systems. This study shows that there is a circular causation in the less developed economies that contributes to the immaturity of its National Innovation System and to its structural external vulnerability. Conclusions highlight that the cycles in the less developed economies mirror the cycles of international liquidity. JEL Classification: O40; O43.

Suggested Citation

  • Daniela Almeida Raposo Torres & Marco Flávio da Cunha Resende, 2013. "The circular causation of growth in developing economies: a bridge between evolutionary and post Keynesian approaches," Brazilian Journal of Political Economy, Center of Political Economy, vol. 33(2), pages 240-259.
    • Handle: RePEc:ekm:repojs:v:33:y:2013:i:2:p:240-259:id:310
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/310/300
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    international liquidity; national innovation system; investment;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:33:y:2013:i:2:p:240-259:id:310. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.