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The international economy is marked by major asymmetries in technological capabilities and power, both at the domestic and international levels —a point emphasized by the structuralist tradition. These asymmetries strongly affect economic outcomes and place major constraints on economic policy. T...
The microfoundations of economic models are a hotly debated topic in the literature. The debate is important because microfoundations —the ways in which agents decide and behave— have implications that go beyond a specific firm, market or activity; they strongly condition macroeconomic outcomes. ...
Tradicionalmente se acepta que el cambio estructural es la gran fuerza que sostiene el crecimiento en el largo plazo y que está por detrás de los casos exitosos de reducción de brechas tecnológicas entre las economías desarrolladas y en desarrollo. Este artículo ofrece algunas evidencias comparat...
This paper discusses the role of institutions and structural change in shaping income inequality. It is argued that while social expenditure and direct redistribution are crucial for improving income distribution, sustainable equality requires structural change to create decent jobs. The relative...
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