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New directions in Latin American Structuralism: a three-gap model of sustainable development

Author

Listed:
  • Gabriel Porcile

    (N/A)

  • José Eduardo Alatorre

    (N/A)

  • Martín Cherkasky

    (N/A)

  • Camila Gramkow

    (N/A)

  • João Romero

    (N/A)

Abstract

Sustainable development implies reducing the gap in GDP per capita between center and periphery, increasing equality and protecting the environment. In this paper, we present a simple model within the Structuralist tradition that combines these three dimensions of sustainable development. We define three rates of growth: the minimum required to reduce inequality and eradicate poverty (yS); the maximum compatible with external equilibrium (yT); and the maximum compatible with a global carbon budget (yL). Estimations of these rates of growth for Latin America suggest that yS>yT>yL. We argue that a combination of industrial and technological policies, along with a major effort at income redistribution, is necessary for having yS=yT=yL, which defines a sustainable development path.

Suggested Citation

  • Gabriel Porcile & José Eduardo Alatorre & Martín Cherkasky & Camila Gramkow & João Romero, 2023. "New directions in Latin American Structuralism: a three-gap model of sustainable development," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 266-281, November.
    • Handle: RePEc:elg:ejeepi:v:20:y:2023:i:2:p266-281
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    More about this item

    Keywords

    sustainable development; Latin American Structuralism; growth and distribution;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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