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Journal of Economics and Finance

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15-06-2023

Structural change and unbalanced economic growth in open developing economies

Authors: Anirban Sengupta, Subhasankar Chattopadhyay, Apostolos Serletis

Published in: Journal of Economics and Finance | Issue 4/2023

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Abstract

In this paper we study the impact of international capital flows on the real exchange rate and sector allocation of labour and capital in open developing economies having demand side asymmetries (non-homothetic preferences) and supply side asymmetries (differences in capital intensities and productivity growth rates across sectors). We propose new channels, namely structural change and unbalanced growth, through which international capital flows can cause real exchange rate changes and sector reallocations of capital and labor in open developing economies.

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Title: Structural change and unbalanced economic growth in open developing economies
Authors: Anirban Sengupta
Subhasankar Chattopadhyay
Apostolos Serletis
Publication date: 15-06-2023
Publisher: Springer US
Published in: Journal of Economics and Finance / Issue 4/2023
Print ISSN: 1055-0925
Electronic ISSN: 1938-9744
DOI: https://doi.org/10.1007/s12197-023-09630-1

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