Crecimiento con oferta limitada de divisas: una reevaluación del modelo de dos brechas

Abstract

This issue considers the theoretical problematic of the external and internal equilibrium in a semi-industrialized economy, which growth needs the imports of intermediate and capital goods, which are non-competitive with the domestic production, and its exports can be limited by a insufficient external demand. The first part is a simple formalization provided by the two-gap foreign assistance model, as conceived by CHENERY and his associates. The second part extends the analysis for a more modern context, where it's opening the possibility of foreign debt as a way of financing the domestic capital formation.