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SUMMARY:National innovation systems and the external constraint on growth:
  A theoretical approach with empirical evidence. - Speaker to be confirmed
DTSTART:20130206T160000Z
DTEND:20130206T170000Z
UID:TALK43205@talks.cam.ac.uk
CONTACT:Joanna Laver
DESCRIPTION:Differences in the income elasticities of demand for imports a
 nd exports between countries result in an external constraint on growth to
  different degrees. This argument has been pointed out by Prebisch and oth
 er authors who deal with export-led growth models. However\, a consensus h
 as not yet emerged as to the extent to which the income elasticities can b
 e considered as exogenously determined. In this seminar\, we use the evolu
 tionary concept of the National Innovation System to address this question
  and to show why there are differences in income elasticities of demand be
 tween countries. The aim is to show theoretically that there is a causal r
 elationship between an economy’s National Innovation System\, its income
  elasticities of demand for imports and exports\, and its performance on t
 he current account. Empirical evidence and a Granger causality test are pr
 esented and these do not reject the core argument of the paper.\n\nMarco F
 lávio Da Cunha Resende is Senior Lecturer at The Federal University of th
 e State of Minas Gerais\, UFMG\, CEDEPLAR and Economics Department\, Brazi
 l. He is currently director of the Brazilian Keynesian Association (AKB) a
 nd visiting scholar at the Department of Land Economy\, University of Camb
 ridge.  He is also a researcher at the National Council Research (Conselho
  Nacional de Pesquisa/CNPq)\, Brazil.  He was a researcher at the Federal 
 Bureau of Applied Economic Research (Instituto de Pesquisa Econômica Apli
 cada)\, IPEA\, Brasília - Federal District\, Brazil. He was the editor of
  the Industrial Policy Bulletin at IPEA (Boletim de Política Industrial/I
 PEA). His research interests include Post Keynesian Economics and economic
  growth. He has published as sole author as well as co-author in academic 
 journals and contributed in the form of invited chapters to books.
LOCATION:Mill Lane Lecture Room 7
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