This paper offers a simple, tractable post-Keynesian model, which highlights the importance
of structural change and productive development in defining the dynamics of the Real …

Structural transformation is a crucial prerequisite for inclusive and sustainable development.
In this context, this study examines the influence of natural resource dependence on the …

Integration into the global economy can cause shifts in industries and decrease the
industrial sector's share. Deindustrialization, which refers to declining industry share, is …

The COVID-19 pandemic has inflicted structural shocks on the global economic system by
raising high economic uncertainty. Policymakers are exploring alternative measures and …

This article models banking under the condition of fiscal dominance or monetised-fiscal
deficits, and explains why resource-based economies experience a financial resource …

While flexible exchange rates are commonly regarded as shock absorbers, heterodox views
suggest that they can play a pro-cyclical role in emerging markets. This article provides …

This paper addresses two questions: first, the extent to which the participation in Global
Value Chains (GVCs) has penalised labour as a globally insourced production input, and …

This study analyzes explanations identified in the literature for the subpar economic
performance of the so-called peripheral member states of the Euro Area since the mid …

This study examines the roles of natural resource wealth and financial structure in driving
industrial diversification into medium-and high-tech manufacturing (TM) via a panel dataset …

Economic literature shows evidence that a competitive real exchange rate (RER), ie, slightly
undervalued, is key for development in develo** countries. This paper discusses the …