Revista de Economia Contemporânea
versión impresa ISSN 1415-9848
DUTRA, Marcus; PORCILE, Gabriel y MEIRELLES, Antonio J. A.. Wages and technology in a growth model with external constraints. Rev. econ. contemp. [online]. 2006, vol.10, n.1, pp. 187-205. ISSN 1415-9848. http://dx.doi.org/10.1590/S1415-98482006000100008.
The model formalizes a topic that the economic literature addresses with increasing frequency, namely that workers who have no access to adequate levels of education, health and motivation tend to learn more slowly and this in turn reduces the rate of innovation in products and processes in the firm. To the extent that international competitiveness increasingly relies on innovation and imitation of technology, a low level of human development will render lost opportunities for growth. Thus, the model assumes that - up to a certain critical level of the real wage - increases in real wages lead to a higher rate of growth consistent with balance-of-payments equilibrium, which makes compatible growth and income distribution even in contexts of external openness and intense international competition.
Palabras clave : economic growth; international competitiveness; technology and international trade.