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Prebisch-Singer: Debates, Growth Model and Estimates

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  • Mutz, Christine
  • Ziesemer, Thomas

    (MERIT)

Abstract

Prebisch and Singer (henceforth PS) have initiated several debates in economics, which have generated much research. Some of these debates may have converged to a compromise, whereas others are much less researched. We briefly summarize them in the next section in order to point out that the implications for growth theory have been largely neglected. Then we will present a growth model and estimate which show that income and price elasticities matter for long-run growth.

Suggested Citation

  • Mutz, Christine & Ziesemer, Thomas, 2005. "Prebisch-Singer: Debates, Growth Model and Estimates," Research Memorandum 007, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:umamer:2005007
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    References listed on IDEAS

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    1. Christine Mutz & Thomas Ziesemer, 2008. "Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil," Applied Economics, Taylor & Francis Journals, vol. 40(22), pages 2921-2937.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Thomas Fullerton & W. Sawyer & Richard Sprinkle, 1999. "Latin American trade elasticities," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 23(2), pages 143-156, June.
    4. Bahmani-Oskooee, Mohsen & Miteza, Ilir, 2002. "Do nominal devaluations lead to real devaluations in LDCs?," Economics Letters, Elsevier, vol. 74(3), pages 385-391, February.
    5. Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 289-309.
    6. repec:bla:econom:v:37:y:1970:i:148:p:373-85 is not listed on IDEAS
    7. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
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    Cited by:

    1. Ziesemer, Thomas, 2007. "Estimations of US debt dynamics: Growth cum debt and the savings glut in Kouri’s model," MERIT Working Papers 2007-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Ziesemer Thomas H.W., 2009. "Worker Remittances and Growth: The Physical and Human Capital Channels," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 229(6), pages 743-773, December.
    3. Ermelinda Meksi & Ermelinda Xhaja (Gjika), 2017. "Income and structural convergence of Western Balkans to European Union," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 14(1), pages 141-154, June.

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