Green innovation in a balance-of-payments constraint growth model for developing economies with capital inflows: The Latin America scenario
DOI:
https://doi.org/10.13133/2037-3643/18655Keywords:
balance-of-payments, capital inflows, green innovation, spillover effectsAbstract
The main purpose of the paper is to build a balance of payments constraint model with capital inflows, where green innovations are inducers of the structural change process. The main results indicate that green R&D can reduce the growth rate of natural resource use. On the other hand, green structural change will only occur if foreign direct investment has spillover effects on green R&D.
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