Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284331 
Year of Publication: 
2023
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 20 [Issue:] 2 [Year:] 2023 [Pages:] 266-281
Publisher: 
Edward Elgar Publishing, Cheltenham
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.
Subjects: 
sustainable development
Latin American Structuralism
growth and distribution
JEL: 
F63
O14
O44
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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